Neo-Malthusians such as Paul Ehrlich have

Group of answer choices

Continued to predict that population growth and overconsumption will soon lead to resource depletion and widespread global poverty and been proved wrong by events as global povery has declined.

Continued to predict that population growth and overconsumption will soon lead to resource depletion and widespread global poverty and been proved right by increases in global poverty.

b. Predicted more frequent recessions due to instability in the financial system.

Forecasted high growth rates of GDP per capita, and been proved right as the majority of people no longer experience scarcity.

Thomas Malthus incorrectly predicted that

Group of answer choices

Population growth would continue to erase any temporary gains in per capita real GDP

Significant growth in the money supply would result in high inflation

Per capita real GDP had reached its peak because no further gains in agricultural productivity were possible

Scarcity would cease to be an economic problem within 100 years

The "Friedman rule" states that the optimal rate of inflation

Group of answer choices

is actually negative (deflation)

cannot be known due to confusion about relative prices

depends on the level of asset prices

is 2% per year