An economy has full-employment output of 6,000.Government purchases,G, are 1,200.Desired consumption and desired investment are

C^d=3600-2000r+0.10Y, and

l^d=1200-4000r,

whereYis output and ris the real interest rate.

Assuming that output equals full-employment output, what is the equilibrium real interest rate?Round your answer to at least 3decimalplaces.(E.g.12.345%shouldbe entered as 0.123)