According to the AD-AS model, suppose the economy started in a long-run equilibrium. During COVID pandemic, the general public and businesses became very pessimistic about future, in the short-run, the overall price level rose and the unemployment rate fell. the overall price level rose and the unemployment rate rose. the overall price level fell and the unemployment rate stayed unchanged. the overall price level rose and the unemployment rate stayed unchanged. the overall price level fell and the unemployment rate rose