11.   Thus a higher wage rate increases the supply of hours of work, but reduces the demand for hours of work.

12.   To bridge the gap to replacement fertility, it will be necessary to reduce the demand for large families.

13.   We need to reduce the demand for travel and see a dramatic shift towards public transport, cycling and walking.

14.   Population shortage had reduced the demand for land, and it was not until the sixteenth century that demand again began to exceed supply.

15.   Real wage cuts, by reducing aggregate demand, raise the level of Keynesian unemployment.

16.   If the authorities raise interest rates, this will reduce the demand for credit and this in turn will reduce the credit that banks create.

17.   Assume, for example, that the government wishes to operate a tighter monetary policy in order to reduce aggregate demand.

18.   This would reduce aggregate demand directly and thus reduce the transactions demand for money.

19.   Credit rationing provides a means of directly reducing aggregate demand without having to raise interest rates.