Which of the following statements about the industry life cycle is false? 1. As the industry life cycle reaches the consolidation stage, inflation rates decrease indicating stable growth. 2. During the maturity stage, additional growth of the industry might depend on the general economy. 3. Investments in an industry are most attractive during the relative decline stage. 4. At the start-up stage it is relatively easy to predict the leaders, survivors and market share of the booming industry.