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.
Subscribe Today! Geoffrey Lewis, Actor in Clint Eastwood Movies, Dies at 79. Actor Geoffrey Lewis, who appeared in several Clint Eastwood movies and made guest appearances on dozens of TV shows in the â60s through â80s, died Tuesday in Woodland Hills, Calif., of natural causes, according to a family friend. He was 79.