Refer to the figure above. What is the social surplus if the market is in equilibrium?

Sovereign debt refers to

A) debt owned by the government. B) bonds issued by the government. C) debt owed to the government. D) debt only issued by nations with kings or queens.

Which of the following would lead to a depreciating dollar?

A. A higher federal deficit B. Lower interest rates C. Higher interest rates D. Contractionary monetary policy