Week 6 - Discussion Board (DB): AD x AS model & Neoclassical Perspective 16 16 DB Post In this discussion board you will develop your understanding of the AD x AS model and the Neoclassical perspective. Please choose one of the following options below to write (minimum of 200 words, maximum of 500 words) or record - video or audio - (minimum of 1.5 minutes, maximum of 4 minutes) your post for this week: . During the 1970s a new phenomenon called stagflation happened in the U.S. economy. Stagflation means economic stagnation and inflation, so what was observed was high unemployment and inflation. During the 1970s what explained this situation was the supply shocks. Do a brief research on the internet and explain what a supply shock is and give 2 examples of supply shocks that affected the U.S. economy