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Read the following excerpt and answer the questions that follow:Economist Jeffrey Sachs is widely associated with shock therapy. He developed a plan of shock therapy for post-communist Poland in 1990, for post-communist Russia in 1992, and several other countries, including Bolivia and Chile. Bolivia, in particular, in 1985, had success as a result of shock therapy in ending a period of hyperinflation.Poland also initially seemed to benefit from shock therapy as inflation was controlled, but it saw a sharp rise in unemployment that peaked at 16.9%. Sachs did not like the term shock therapy, which he said was coined by the media and made the reform process sound more painful than it was.In Russia, neo- liberal shock therapy did not produce favourable outcomes. Shock therapy was applied swiftly and on a large scale, as opposed to how it was applied in other nations. Almost all of Russia’s industries were undervalued and sold to private individuals and companies, with most acquired by a few Russian oligarchs.With limited government intervention, most industries disappeared. The Russian currency declined, causing high inflation and the erosion of most citizens’ savings. Unemployment increased drastically, and government subsidies were removed, further pushing Russian families into poverty.Q. What was the aftermath of the shock therapy in Russia?a)Rise in the economy and in currency value.b)Decline in the unemployment rate and boosting economy.c)Improvement in people’s income and life styled)Decline in the currency, increasing unemployment, high inflation and decrease in people’s incomes.Correct answer is option 'D'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Read the following excerpt and answer the questions that follow:Economist Jeffrey Sachs is widely associated with shock therapy. He developed a plan of shock therapy for post-communist Poland in 1990, for post-communist Russia in 1992, and several other countries, including Bolivia and Chile. Bolivia, in particular, in 1985, had success as a result of shock therapy in ending a period of hyperinflation.Poland also initially seemed to benefit from shock therapy as inflation was controlled, but it saw a sharp rise in unemployment that peaked at 16.9%. Sachs did not like the term shock therapy, which he said was coined by the media and made the reform process sound more painful than it was.In Russia, neo- liberal shock therapy did not produce favourable outcomes. Shock therapy was applied swiftly and on a large scale, as opposed to how it was applied in other nations. Almost all of Russia’s industries were undervalued and sold to private individuals and companies, with most acquired by a few Russian oligarchs.With limited government intervention, most industries disappeared. The Russian currency declined, causing high inflation and the erosion of most citizens’ savings. Unemployment increased drastically, and government subsidies were removed, further pushing Russian families into poverty.Q. What was the aftermath of the shock therapy in Russia?a)Rise in the economy and in currency value.b)Decline in the unemployment rate and boosting economy.c)Improvement in people’s income and life styled)Decline in the currency, increasing unemployment, high inflation and decrease in people’s incomes.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following excerpt and answer the questions that follow:Economist Jeffrey Sachs is widely associated with shock therapy. He developed a plan of shock therapy for post-communist Poland in 1990, for post-communist Russia in 1992, and several other countries, including Bolivia and Chile. Bolivia, in particular, in 1985, had success as a result of shock therapy in ending a period of hyperinflation.Poland also initially seemed to benefit from shock therapy as inflation was controlled, but it saw a sharp rise in unemployment that peaked at 16.9%. Sachs did not like the term shock therapy, which he said was coined by the media and made the reform process sound more painful than it was.In Russia, neo- liberal shock therapy did not produce favourable outcomes. Shock therapy was applied swiftly and on a large scale, as opposed to how it was applied in other nations. Almost all of Russia’s industries were undervalued and sold to private individuals and companies, with most acquired by a few Russian oligarchs.With limited government intervention, most industries disappeared. The Russian currency declined, causing high inflation and the erosion of most citizens’ savings. Unemployment increased drastically, and government subsidies were removed, further pushing Russian families into poverty.Q. What was the aftermath of the shock therapy in Russia?a)Rise in the economy and in currency value.b)Decline in the unemployment rate and boosting economy.c)Improvement in people’s income and life styled)Decline in the currency, increasing unemployment, high inflation and decrease in people’s incomes.Correct answer is option 'D'. Can you explain this answer?.

Solutions for Read the following excerpt and answer the questions that follow:Economist Jeffrey Sachs is widely associated with shock therapy. He developed a plan of shock therapy for post-communist Poland in 1990, for post-communist Russia in 1992, and several other countries, including Bolivia and Chile. Bolivia, in particular, in 1985, had success as a result of shock therapy in ending a period of hyperinflation.Poland also initially seemed to benefit from shock therapy as inflation was controlled, but it saw a sharp rise in unemployment that peaked at 16.9%. Sachs did not like the term shock therapy, which he said was coined by the media and made the reform process sound more painful than it was.In Russia, neo- liberal shock therapy did not produce favourable outcomes. Shock therapy was applied swiftly and on a large scale, as opposed to how it was applied in other nations. Almost all of Russia’s industries were undervalued and sold to private individuals and companies, with most acquired by a few Russian oligarchs.With limited government intervention, most industries disappeared. The Russian currency declined, causing high inflation and the erosion of most citizens’ savings. Unemployment increased drastically, and government subsidies were removed, further pushing Russian families into poverty.Q. What was the aftermath of the shock therapy in Russia?a)Rise in the economy and in currency value.b)Decline in the unemployment rate and boosting economy.c)Improvement in people’s income and life styled)Decline in the currency, increasing unemployment, high inflation and decrease in people’s incomes.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.

Here you can find the meaning of Read the following excerpt and answer the questions that follow:Economist Jeffrey Sachs is widely associated with shock therapy. He developed a plan of shock therapy for post-communist Poland in 1990, for post-communist Russia in 1992, and several other countries, including Bolivia and Chile. Bolivia, in particular, in 1985, had success as a result of shock therapy in ending a period of hyperinflation.Poland also initially seemed to benefit from shock therapy as inflation was controlled, but it saw a sharp rise in unemployment that peaked at 16.9%. Sachs did not like the term shock therapy, which he said was coined by the media and made the reform process sound more painful than it was.In Russia, neo- liberal shock therapy did not produce favourable outcomes. Shock therapy was applied swiftly and on a large scale, as opposed to how it was applied in other nations. Almost all of Russia’s industries were undervalued and sold to private individuals and companies, with most acquired by a few Russian oligarchs.With limited government intervention, most industries disappeared. The Russian currency declined, causing high inflation and the erosion of most citizens’ savings. Unemployment increased drastically, and government subsidies were removed, further pushing Russian families into poverty.Q. What was the aftermath of the shock therapy in Russia?a)Rise in the economy and in currency value.b)Decline in the unemployment rate and boosting economy.c)Improvement in people’s income and life styled)Decline in the currency, increasing unemployment, high inflation and decrease in people’s incomes.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the following excerpt and answer the questions that follow:Economist Jeffrey Sachs is widely associated with shock therapy. He developed a plan of shock therapy for post-communist Poland in 1990, for post-communist Russia in 1992, and several other countries, including Bolivia and Chile. Bolivia, in particular, in 1985, had success as a result of shock therapy in ending a period of hyperinflation.Poland also initially seemed to benefit from shock therapy as inflation was controlled, but it saw a sharp rise in unemployment that peaked at 16.9%. Sachs did not like the term shock therapy, which he said was coined by the media and made the reform process sound more painful than it was.In Russia, neo- liberal shock therapy did not produce favourable outcomes. Shock therapy was applied swiftly and on a large scale, as opposed to how it was applied in other nations. Almost all of Russia’s industries were undervalued and sold to private individuals and companies, with most acquired by a few Russian oligarchs.With limited government intervention, most industries disappeared. The Russian currency declined, causing high inflation and the erosion of most citizens’ savings. Unemployment increased drastically, and government subsidies were removed, further pushing Russian families into poverty.Q. What was the aftermath of the shock therapy in Russia?a)Rise in the economy and in currency value.b)Decline in the unemployment rate and boosting economy.c)Improvement in people’s income and life styled)Decline in the currency, increasing unemployment, high inflation and decrease in people’s incomes.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Read the following excerpt and answer the questions that follow:Economist Jeffrey Sachs is widely associated with shock therapy. He developed a plan of shock therapy for post-communist Poland in 1990, for post-communist Russia in 1992, and several other countries, including Bolivia and Chile. Bolivia, in particular, in 1985, had success as a result of shock therapy in ending a period of hyperinflation.Poland also initially seemed to benefit from shock therapy as inflation was controlled, but it saw a sharp rise in unemployment that peaked at 16.9%. Sachs did not like the term shock therapy, which he said was coined by the media and made the reform process sound more painful than it was.In Russia, neo- liberal shock therapy did not produce favourable outcomes. Shock therapy was applied swiftly and on a large scale, as opposed to how it was applied in other nations. Almost all of Russia’s industries were undervalued and sold to private individuals and companies, with most acquired by a few Russian oligarchs.With limited government intervention, most industries disappeared. The Russian currency declined, causing high inflation and the erosion of most citizens’ savings. Unemployment increased drastically, and government subsidies were removed, further pushing Russian families into poverty.Q. What was the aftermath of the shock therapy in Russia?a)Rise in the economy and in currency value.b)Decline in the unemployment rate and boosting economy.c)Improvement in people’s income and life styled)Decline in the currency, increasing unemployment, high inflation and decrease in people’s incomes.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Read the following excerpt and answer the questions that follow:Economist Jeffrey Sachs is widely associated with shock therapy. He developed a plan of shock therapy for post-communist Poland in 1990, for post-communist Russia in 1992, and several other countries, including Bolivia and Chile. Bolivia, in particular, in 1985, had success as a result of shock therapy in ending a period of hyperinflation.Poland also initially seemed to benefit from shock therapy as inflation was controlled, but it saw a sharp rise in unemployment that peaked at 16.9%. Sachs did not like the term shock therapy, which he said was coined by the media and made the reform process sound more painful than it was.In Russia, neo- liberal shock therapy did not produce favourable outcomes. Shock therapy was applied swiftly and on a large scale, as opposed to how it was applied in other nations. Almost all of Russia’s industries were undervalued and sold to private individuals and companies, with most acquired by a few Russian oligarchs.With limited government intervention, most industries disappeared. The Russian currency declined, causing high inflation and the erosion of most citizens’ savings. Unemployment increased drastically, and government subsidies were removed, further pushing Russian families into poverty.Q. What was the aftermath of the shock therapy in Russia?a)Rise in the economy and in currency value.b)Decline in the unemployment rate and boosting economy.c)Improvement in people’s income and life styled)Decline in the currency, increasing unemployment, high inflation and decrease in people’s incomes.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the following excerpt and answer the questions that follow:Economist Jeffrey Sachs is widely associated with shock therapy. He developed a plan of shock therapy for post-communist Poland in 1990, for post-communist Russia in 1992, and several other countries, including Bolivia and Chile. Bolivia, in particular, in 1985, had success as a result of shock therapy in ending a period of hyperinflation.Poland also initially seemed to benefit from shock therapy as inflation was controlled, but it saw a sharp rise in unemployment that peaked at 16.9%. Sachs did not like the term shock therapy, which he said was coined by the media and made the reform process sound more painful than it was.In Russia, neo- liberal shock therapy did not produce favourable outcomes. Shock therapy was applied swiftly and on a large scale, as opposed to how it was applied in other nations. Almost all of Russia’s industries were undervalued and sold to private individuals and companies, with most acquired by a few Russian oligarchs.With limited government intervention, most industries disappeared. The Russian currency declined, causing high inflation and the erosion of most citizens’ savings. Unemployment increased drastically, and government subsidies were removed, further pushing Russian families into poverty.Q. What was the aftermath of the shock therapy in Russia?a)Rise in the economy and in currency value.b)Decline in the unemployment rate and boosting economy.c)Improvement in people’s income and life styled)Decline in the currency, increasing unemployment, high inflation and decrease in people’s incomes.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.