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.
Scott Eastwood Reveals What Clint Was Really Like as a Dad. Sure, he might have a famous last name and an iconic father in Oscar-winning director Clint Eastwood, but The Longest Ride star Scott Eastwood says getting to where he is today was no free ride. âMy dad was pretty old school,â Eastwood tells PEOPLE for its latest issue.