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 found love again. According to Us Weekly the 84-year-old actor and director is dating a woman named Christina Sandera who works as his Mission Ranch Hotel in Carmel, Calif. âShe lives with him in his house he used to share with Dina,â (his ex-wife) an insider revealed. âShe moved in months ago.