If you relieved the excess demand for financial assets, you also cured the excess supply of goods and services (the shortfall of aggregate demand) and the excess supply of labor (mass unemployment).

Mill saw that excess demand for some particular set of assets in financial markets was mirrored by excess supply of goods and services in product markets, which in turn generated excess supply of workers in labor markets.

The implication of this was clear. If you relieved the excess demand for financial assets, you also cured the excess supply of goods and services (the shortfall of aggregate demand) and the excess supply of labor (mass unemployment).

The book attributed inflation to excess money supply generated by a central bank.

This excess supply of credit results in additional consumption and investment, triggering a boom.

When there is no excess demand for cash, there will be no excess supply of the bonds and stocks that underpin and finance the economy s productive capital.

Fears of excess investment and ghost cities fixate on the supply side, without giving due weight to burgeoning demand.

First, in a situation of widespread unemployment and excess capacity, short run output is determined primarily by demand, not supply.

And if the decline in nominal wages signals that there is an excess supply of labor, matters only get worse.

But American spending habits have undermined the dollar s reputation, with the excess supply of dollars on world markets depressing its price.

By contrast, a gap between supply and demand when the corresponding excess demand is for financial assets is a recipe for economic meltdown.

We have seen this principle in action since the early fall of 2007, as growing excess demand for safe, liquid, high quality financial assets has carried with it growing excess supply for the goods and services that are the products of ongoing human labor.

When there is sufficient excess supply in the economy, promoting supply side productivity is practically useless without efforts to boost demand. That implies that it was not appropriate to focus on growth until the deflation gap narrowed considerably that is, until now.

A normal gap between supply and demand for some subset of currently produced commodities is not a serious problem, because it is balanced by excess demand for other currently produced commodities.

China s Excess Capacity Nightmare

The small excess of quarks over antiquarks led to a small excess of baryons over antibaryons.

A tax on oil, however, does not entail excess burdens. On the contrary, it implies excess benefits .

How much should they do? As long as there is a clear global excess supply of goods and services as long as unemployment remains highly elevated and inflation rates are falling they are not doing enough.

Access is good excess is bad.

The sound principle is excess collateral.

Excess of authority or contravention of instructions

For example, its leaders restrict the supply of a natural resource in order to drive up its price on world markets, or pursue mercantilist policies in the form of large trade surpluses, especially in the presence of unemployment and excess capacity.

Rather, it will increase banks excess reserve balances.

(d) Net excess (shortfall) of income over expenditure

But, whether caused by an excess of cable television, or an excess of debates themselves, this silly season has seemed especially prolonged, even frightening.

Supply

When the excess demand is for liquid assets used as means of payment for money the natural response is to have the central bank buy government bonds for cash, thus increasing the money stock and bringing supply back into balance with demand.

But this excess growth has not been evenly spread.

Despite all this, massive excess bank reserves remain unlent.

Indeed, without adequate regulation, they are prone to excess.

The craving for excess wealth kept you people neglectful .

The craving for excess wealth kept you people neglectful .

(c) Interest income in excess of the budgetary estimates

C. Supply

Water Supply

Energy supply

Supply Section

Supply Section

Incentive structures that encourage excess risk taking remain virtually unchanged.

Stopping the deployment of excess international search and rescue teams

Demand or Supply?

Spotlight Supply operations

Spotlight Supply operations

O ye who believe ! make not unlawful the good things which Allah hath made lawful for you , but commit no excess for Allah loveth not those given to excess .

O ye who believe ! make not unlawful the good things which Allah hath made lawful for you , but commit no excess for Allah loveth not those given to excess .