The general approach Earlier Parts have given a broad picture of the economic environment within which marine transport operates, and the mechanics of making economic calculations. Ship design links the two, i.e., the marine transport requirements must be developed into a series of feasible ship designs
In this chapter you will learn the Is curve, and its relation to the Keynesian Cross the Loanable Funds model the LM curve, and its relation to the Theory of Liquidity Preference how the IS-LM model determines income and the interest rate in the short run when P is fixed