How does an increase in foreign demand for U. S. exports affect the IS curve? b) How does an increase in government purchases (say, on education or defense) affect the IS curve? c) How do largecuts to personal income taxesaffect short-runoutput? d) Suppose the government cuts social security benefits to pay for the tax cuts in part c. How does the combined policy affect short-run output if you assume the permanent income consumption model holds? Whatif you assume a life-cycle consumption model holds, instead?

Benning manufacturing company is negotiating with a customer for the lease of a large machine manufactured by benning. the machine has a cash price of $980,000. benning wants to be reimbursed for financing the machine at a 9% annual interest rate. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1. determine the required lease payment if the lease agreement calls for 10 equal annual payments beginning immediately. 2. determine the required lease payment if the first of 10 annual payments will be made one year from the date of the agreement. 3. determine the required lease payment if the first of 10 annual payments will be made immediately and benning will be able to sell the machine to another customer for $68,000 at the end of the 10-year lease.