| 11. | Lesson 1 : If the price is set artificially low, there will be excess demand.
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| 12. | That produces a so-called " excess demand " for equities of about $ 34 billion.
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| 13. | But what if the excess demand is for " money ", because people are hoarding it?
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| 14. | Instead, Resler said inflation is caused by excess demand, and excess availability of money and credit.
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| 15. | Prices are raised for goods with excess demand.
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| 16. | It is equilibrium rationing as there exists excess demand for credit at the equilibrium rate of interest.
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| 17. | If excess demand for cherries is zero, then by Walras'law, excess demand for apples is also zero.
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| 18. | Investors'enthusiasm for new issues is illustrated by the excess demand for each stock introduced to the market.
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| 19. | Foreign loans are being recalled and the baht is tumbling because of excess demand for US dollars.
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| 20. | If excess demand for cherries is zero, then by Walras'law, excess demand for apples is also zero.
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