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 (Photo: Bang Showbiz). 18 CONNECT 2 TWEET LINKEDIN 2 COMMENT EMAIL MORE. Clint Eastwood has a new girlfriend. The 84-year-old actor-who split from wife Dina Eastwood last August after 17 years of marriage-has been romancing Christina Sandera and his new love has already moved into his house.