Question

what was shock therapy and what were its result​

Answer 1

Answer:

Shock therapy is an economic theory that says that sudden, dramatic changes in national economic policy can turn a state-controlled economy into a free-market economy. Shock therapy is intended to boost economic production, increase the rate of employment, and improve living conditions.Jan

Answer 2

Answer:

shock therapy is an economic theory that says that sudden, dramatic changes in national economic policy can turn a state-controlled economy into a free-market economy. Shock therapy is intended to boost economic production, increase the rate of employment, and improve living conditions, Valuable industries were undervalued and were sold at throwaway prices. This came to be known as “the largest garage sale in history”. The value of the Russian currency, ruble declined considerably. People lost all their savings because of high rate of inflation.

Explanation: