The first reason for the downward slope of the aggregate demand curve is Pigou's wealth effect. Recall that the nominal value of money is fixed, but the real value is dependent upon the price level. This is because for a given amount of money, a lower price level provides more purchasing power per unit of currency.
Clinton Eastwood Jr. was born on May 31, 1930, in San Francisco, California. He was the first of Clinton and Ruth Eastwood's two children.
Clint Eastwood has been nominated for ten Oscars and won four. In 1993 he won an Oscar for Best Director and another for Best Picture for his movie Unforgiven. In 2005 he â¦ won two more Oscars for Best Picture and Best Director for his movie Million Dollar Baby.