An adverse labour supply shock during pandemic is likely to have led to
1
a leftward movement in the long - run aggregate supply (LRAS) curve with rising levels of full - employment output and falling price level.
2
a rightward movement in the LRAS curve with rising levels of full employment output and rising price levels.
3
a leftward movement in the LRAS curve with fall in level of full employment output and rising price level.
4
a rightward movement in the LRAS curve with fall in full emploment level of output and fall in price level.