Complete the following table for a static AD-AS model: Policy Actions Problem Recession Expansionary 1Govt spending or Rising Contractionary inflation Result Real GDP and price level or Taxes Real GDP and price level Expansionary Gov't spending or Contractionary decrease taxes increase taxes Real GDP and price le IGDP and price lev ctions or or Taxes Result Real GDP and price level Real GDP rise fall el Actions roblem Policy ecession Expansionary Gov't spending or Rising inflation neck Answer. Contractionary or Taxes Increase gov't spending Decrease gov't spending Re Real GDP a Real GDP an ctions g or Vor Taxes Result Real GDP and price level Real GDP and price level rise fall