Question

NEED HELP ASSAP 100 POINTS WILLL GIVE BRAINLIEST1Give me an example of how supply or demand affects price in the real world. 2How do banks affect the economy? Give an example. 3How does the government affect financial institutions (banks, credit unions, credit card companies)? 4How is the national budget like a personal budget? How is it different? 5Who would most approve of the U.S. economic system and why—Adam Smith, John Maynard Keynes, or Karl Marx?
please answer in full small paragraphs. i dont want a whole essay please only like a sentence or two per question

Answer 1

Answer to question 1:

When supply of a product goes up, the price of a product goes down and demand for the product can rise because it costs loss.

Answer to question 2:

Commercial banks play an important role in the financial system and the economy. ... They provide specialized financial services, which reduce the cost of obtaining information

Answer to question 3:

Government regulation affects the financial services industry in many ways, but the specific impact depends on the nature of the regulation. Increased regulation means a higher workload for people in financial services.

Answer to question 5:

Adam Smith because he was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment, also known as ''The Father of Economics''.