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.
This 18-hole golf course is home to Clint Eastwood and those lucky enough to live and play golf on this bucolic private golf estate in Carmel Valley, California. Not to be missed with wild animals abounding and views not to be believed. A must see.