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.
Heartbreak Ridge 1986 | 130 min | R. Marine Sgt. Thomas Highway (Clint Eastwood) is a decorated veteran of two wars. On his last posting before retirement, he is surrounded by officers with no combat experience who view him as an odd, even dangerous, holdover.