Write the difference between Simple S Curves and m curves
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A curve is a line or outline which gradually deviates from being straight for some or all of its length. A simple curve does not cross itself at any point. Aclosed curve is a curve with no endpoints and which completely encloses an area.
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The IS-LM model, which stands for "investment-savings" (IS) and "liquidity preference-money supply" (LM) is a Keynesian macroeconomic model that shows how the market for economic goods (IS) interacts with the loanable funds market (LM) or money market. It is represented as a graph in which the IS and LM curves intersect to show the short-run equilibrium between interest rates and output.
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