What are the political, social and economic consequences of the rapid population growth of the past 200 years? Predict where future growth will take place and how that growth will impact those countries.

Which of the following statements best describes the quantity theory of inflation? a.inflation occurs because production cost rise and this cost increase is passed on to consumers in the form of higher prices b. inflation occurs because there is too much money in the economy c. inflation occurs because demand of good and services exceeds existing supplies d. none of these