Scenario:

The Corona virus pandemic has had an impact on the supply sectionof Singapore's economy, directly impacting the availability of critical inputs. As a matter of fact, lesser workerswill be recruited in production lines, as well as other inputs will then be neglected or underutilized by businesses. Which put the aggregate supply curve toshifts left.The new equilibrium shifts from e* to e' as output decreases and price rises. As a result, a disruption in the economy's supply side causes income to fall and inflation to rise.

A recession is a period of declining output and employment that can lead to an economic depression if it continues for a long time and impacts all kinds of economic activity.

Question:

Suppose there is no monetary policy intervention (or fiscal action) to address the fallout of the shock as described. In the absence of any policy intervention, what type of free market adjustment would need to occur for the economy to eventually return to Y*?