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Desired consumption, desired investment, and government spending in a closed economy are Cd = 260 - 100r + 0.2Y Id = 100 - 300r G

Desired consumption, desired investment, and government spending in a closed economy are

Cd = 260 - 100r + 0.2Y

Id = 100 - 300r

G = 220

What value of the real interest rate clears the goods market when Y = 600? (Please show your work)

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