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.
by David H 6 years ago Clint Eastwood (May 31st, 1930), the American actor, director and producer has won 4 Oscars: -1992: Oscar to the Best Director and Oscar to the Best Picture for 'Unforgiven'. -1992: Oscar to the Best Director and Oscar to the Best Picture for 'Million Dollar Baby'. In both films, 'Unforgiven' and 'Million Dollar Baby' he was also nominated in the category of Best Actor.