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The real danger to the economy is that, as tax increases and sequester-related spending cuts start to kick in, overall demand will fall back, G.D.P. growth will falter, and we'll see a lot less hiring.
"We have seen a slowdown in overall demand," Mr. Kin said.
But with that efficiency has come an exponential increase in overall demand for resources.
Industry executives said last summer's surge in pump prices caused a sudden drop in overall demand.
They then pay prices that change each hour with changes in overall demand.
That is why concentration of income at the top can lead to a big shortfall in overall demand and send the economy into a tailspin.
Similar(44)
And while universities are letting in more students, overall demand is still outstripping capacity.
Second, there is a plausible concern that increases in the overall demand for jobs will not keep pace with improvements in automation, resulting in persistent unemployment.
Kevin Wright, executive director of the World Religious Travel Association, a trade group set up this year to help organize the faith-based market, says there is an increase in "the overall demand for religious travel by people of faith," which, in turn, has brought growth to companies serving this market.
The DoT's apparently perverse position was prompted by studies which found that, for passengers taking connecting flights with two airlines that are only loosely allied, each carrier has an incentive to ramp up the price on its leg of the journey, even if this results in lower overall demand for such flights.
This ratio was chosen so that the random component would still play an appreciable role in determining overall demand but would not swamp the predictability of the sinusoid profile.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com