How does the existence of a large federal debt slow economic growth?
(select all that apply.)
people are concerned about the future and do not want to invest.
the government may raise taxes to eliminate deficits, which could slow down the economy
inflation rises rapidly, which discourages demand.
unemployment becomes a problem, which leads to less real income.

John locke viewed the social contract as a choice or "consent of the governed", where the people possess the power to change government. how did thomas hobbes see the social contract? man is born in chains, but can be set free through good deeds. man is born happy, but becomes more miserable as he ages. man is born poor, but can rely on other individuals for security. man is born selfish, but can give up some freedom in return for security provided by the government.