Assume the aggregate supply curve is upward sloping and the economy is in a recession. If the government increases both taxes and government spending by $25 billion, the price level and real GDP will most likely change in which of the following ways? Assume the aggregate supply curve is upward sloping and the economy is in a recession. If the government increases both taxes and government spending by $25 billion, the price level and real GDP will most likely change in which of the following ways? Price Level- Increase Real GDP- Decrease Price Level- Increase Real GDP- No change Price Level- Increase Real GDP- Increase Price Level- Decrease Real GDP- Decrease