A surfeit of money would create excess demand
There needs to be an orderly adjustment to the current situation and an orderly adjustment means finding a way to smooth out the excess demand
and the pressures on currencies and reserves so that the countries can then adjust properly.
This is simply caused by excess demand
that is not catered to due to the lack of supply.
According to senior officials, the aggressive bidding created an excess demand
for 1,800 MHz in a few circles at the end of the 28th round of the auction.
Price rigidity and soft budget constraint do not fit with an equilibrium model and pave the way for either excess demand
or excess supply in the markets for teams' inputs (labor, talents) and outputs (gate receipts, TV rights revenues).
REstore's Demand Response allows energy suppliers and transmission grid operators to look to energy users, such as ACS&T, to relieve the energy market and the grid of excess demand
at critical times.
According to an EU study, the labour market could face an excess demand
of 384,000 IT practitioners by 2015.
This line of reasoning argues that the failure of the Fed to satisfy the excess demand
for money, i.e., the Fed not increasing the stock of money, induces a costly and possibly self-reinforcing deflationary process as individuals attempt to restore their cash balances to desired levels.
The company has granted the underwriters a 30-day option to buy 3.6m additional shares to meet excess demand
"Domestic consumption has been growing very fast as a result of rapid demographics, steady economic growth and heavy subsidies, with the latter leading to excess demand
," said Ali Aissaooui, head of economic research at Arab Petroleum Investments Corporation in Saudi Arabia.