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 11 Oscars. He as won 4 oscars (including Best Movie, Best Director) Clint Eastwood has FOUR Oscars. Two for producing and two for directing. He got one of each when Unforgiven won best picture and best director and then again when Million Dollar Baby won best picture and best director.