Answer:
D.) Changes were occurring too rapidly
Explanation:
The conversion of the world's largest economy controlled by a state into a market-oriented economy has been extraordinarily complicated. The policies chosen for this difficult transition were liberalization, stabilization and privatization. These policies were based on the neoliberal "Washington Consensus" of the IMF, the World Bank and the United States Department of the Treasury.
The liberalization and stabilization programs were designed by Yeltsin Deputy Prime Minister Yegor Gaidar, a 35-year-old liberal economist bent on radical reform and well known as a "shock therapy" advocate. The shock therapy began days after the dissolution of the Soviet Union, when on January 2, 1992 the president of Russia Boris Yeltsin ordered the liberalization of foreign trade, prices and currency. This meant the elimination of price controls of the Soviet era in order to attract goods to empty Russian reserves. The legal barriers of the private market and manufacturing were removed, and subsidies for state farms and industries were cut while foreign imports were allowed on the Russian market, thus trying to put an end to the power of the state owner of local monopolies.
