Question

what was the shock therapy? how did it an abrupt impanct upon the post soviet economy.​

Answer 1

Answer:

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Answer 2

Answer:

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Explanation:

economics, shock therapy theorizes that sudden, dramatic changes in national economic policy can turn a state-controlled economy into a free-market economy. Shock therapy is intended to cure economic maladies—such as hyperinflation, shortages, and other effects of market controls—to jump-start economic production, reduce unemployment, and improve living standards.

However, shock therapy can entail a rocky transition while prices increase from their state-controlled levels and people in formerly state-owned companies lose their jobs, creating civil unrest that may lead to forced changes in a country's political leadership.