Political Science, asked by anshikabajpai66, 7 months ago

what is the effect of shock Therapy of Russian economy

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Answered by sahad786

9

Answer:

Unemployment increased drastically, and government subsidies were removed, further pushing Russian families into poverty. Like the name of the concept implies, shock therapy can effectively cure certain economic maladies by jolting the economy, but it can also backfire, causing unemployment and civil unrest.

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