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.
Mini Bio (1) Clint Eastwood was born May 31, 1930 in San Francisco, the son of Clinton Eastwood Sr., a manufacturing executive for Georgia-Pacific Corporation, and Ruth Wood, a housewife turned IBM operator. He had a comfortable, middle-class upbringing in nearby Piedmont.