-The above figure graphs the price of a bushel of wheat and housing starts. The graph shows the variables are
Definitions:
Consideration
Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.
Student Debt
Loans accumulated through financing higher education, often a significant financial burden for graduates.
Bilateral Contract
A legal agreement in which both parties make promises to perform certain actions or obligations.
Unilateral Contract
An agreement where one party makes a promise in exchange for an act by another party, becoming binding once the act is performed.
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