Questions

A negative supply shock in the sho rt run causes the aggregate supply curve to shift to the left.

Sales tax is an additional amount of money you pay based on a percentage of the selling price of goods and services that are purchased.

For example, if you purchase a new laptop Rs. 40000 and live in an area where the sales tax is 6%, you would pay Rs.2400 in sales tax.

Crop Rotation is the practice of growing a series of dissimilar or different types of crops in the same area in sequenced seasons. It is done so that the soil of farms is not used for only one set of nutrients. It helps in reducing soil erosion and increases soil fertility and crop yield. The British agriculturist Charles Townshend (1674–1738) popularised this revolutionary technique in the 18th century.