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

Name: One of the explanations for the high rates of inflation in the 1970s is a productivity slowdown.
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A productivity slowdown occurred in the 1970s, contributing to higher rates of inflation. This slowdown was due to various factors, such as a decrease in investment, an increase in regulations, and disruptions caused by the oil crises.

One of the Explanations for the High Rates of Inflation