The policy of "shock therapy" followed by Russian president Yeltsin consisted of which of the following?

Question

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Shock therapy referred to the rapid and comprehensive transition of the Russian economy from a planned communist system to a capitalist one, including the rapid privatization of state-owned industries and the elimination of price controls. It aimed to quickly shift toward a market-oriented economy but resulted in serious economic and social consequences for many Russians. The policy did not directly address reeducation in democracy or downsizing the military.

The Policy of "Shock Therapy" Followed by Russian President Yeltsin