Auto Scaling will not launch or terminate any instances
Auto Scaling will allow the instances to grow more than the maximum size
Auto Scaling will keep launching instances till the maximum instance size
It is not possible to suspend the terminate process while keeping the launch active
Explanations:
Suspending the terminate process only stops termination of instances but does not affect the rebalancing actions (like launching new instances).
When the terminate process is suspended, Auto Scaling can still launch new instances, which might cause the instance count to exceed the maximum size.
Auto Scaling does not keep launching instances indefinitely, as it is still bound by the maximum instance size. However, suspending the terminate process can cause the instance count to temporarily exceed the maximum size.
It is possible to suspend the terminate process while still allowing the launch process to remain active. The two processes (launch and terminate) are independent.
I gauge that the answer is:
Auto Scaling will allow the instances to grow more than the maximum size