One of the explanations for the high rates of inflation in the 1970s was a productivity slowdown.

Name: One of the explanations for the high rates of inflation in the 1970s was a productivity slowdown.
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The productivity in the US economy had slowed down in the 1970s, which led to a reduction in output per hour worked, and this contributed to the high rates of inflation during that time.

One of the Explanations for the High Rates of Inflation