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If at the prevailing real wage rate, the quantity of labor supplied exceeds the quantity demanded,
Positive Correlation
A relationship between two variables in which both variables move in the same direction, meaning as one variable increases, the other does as well.
Same Direction
Indicates movement or trend in parallel or consistent alignment with another.
Model Depicted
A representation of a system or phenomenon used to predict or explain real-world behavior.
Slope
A measure of the steepness or inclination of a line, often represented as the ratio of the vertical change to the horizontal change between two points on the line.
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