Question

The slow growth of U.S. incomes during the 1970s and 1980s can best be explained by a. a decline in the rate of increase in U.S. productivity. b. a strong U.S. dollar abroad, hurting U.S. exports. c. unstable economic conditions in Eastern Europe. d. increased competition from abroad.

Answer 1

Answer:

a decline in the rate of increase in U.S. productivity.

Explanation:

• During the 1970s and the 1980s, the United States government faced a lasting period of stagflation.
• During this time, it was faced by cases of high unemployment and inflation.
• The voters blamed the whole status of affairs on politicians with affiliation to Washington.
• Out of this problems, the income in the US has a very slow growth compared to the previous after WWII economic boom.