The following data are estimates for the nation of Teleria. Real GNP = 700,000 telers Investment = 150,000 telers Savings are 20 percent of income because Telerians like to enjoy life and consume most of their income. Annual investment is kept constant at 150,000 telers. The commodities the country primarily produces are wheat, wine, and meat. Governmental expenditure is zero because the citizens self-govern themselves for free. They also do not trade. You are asked by the business editor of the Telerian Gazette, the national newspaper, to predict the economic events of the next few months. By using the data given, can you make a forecast? What is likely to happen to the level of real GDP? What will happen to inventory levels? When will things stop changing?