Question

what was shock therapy? write two consequence of shock therapy​

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. ... Economic policies in favor of shock therapy include ending price controls and government subsidies.

Answer 2

Answer:

Consequences of the Shock Therapy

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. The collective farms disintegrated leaving people without any food security.