Warning: Undefined array key 0 in /var/www/html/wp-content/themes/harmony/functions.php on line 274

Warning: Cannot modify header information - headers already sent by (output started at /var/www/html/wp-content/themes/harmony/functions.php:274) in /var/www/html/wp-includes/rest-api/class-wp-rest-server.php on line 1794
{"id":2859,"date":"2023-02-19T16:10:56","date_gmt":"2023-02-19T16:10:56","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/apply-it-4-1-all-about-money\/"},"modified":"2025-06-25T12:02:17","modified_gmt":"2025-06-25T12:02:17","slug":"apply-it-4-1-all-about-money","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/apply-it-4-1-all-about-money\/","title":{"raw":"Apply It 4.1: All About Money","rendered":"Apply It 4.1: All About Money"},"content":{"raw":"<section class=\"textbox learningGoals\">\r\n<ul>\r\n\t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Explain what money is&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Explain what money is<\/span><\/li>\r\n\t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Explain why money is important&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Explain why money is important<\/span><\/li>\r\n\t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Identify alternatives to traditional currency&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14720,&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Identify alternatives to traditional currency<\/span><\/li>\r\n<\/ul>\r\n<\/section>\r\n<h2>The Value of Money<\/h2>\r\n<p>This video examines how economic concerns in the first half of 2025, particularly around tariffs and price increases, influenced consumer spending behavior in a phenomenon known as \"doom spending.\"<\/p>\r\n<section class=\"textbox watchIt\" aria-label=\"Watch It\"><script src=\"https:\/\/www.youtube.com\/iframe_api \" type=\"text\/javascript\"><\/script>\r\n<p class=\"cc-media-iframe-container\"><iframe id=\"tpm-plugin-edhhefgc-BaSj_6mrDsA?si=QdcyyzSGe3ojd_zr\" class=\"cc-media-iframe\" src=\"https:\/\/www.youtube.com\/embed\/BaSj_6mrDsA?si=QdcyyzSGe3ojd_zr?enablejsapi=1 \" frameborder=\"0\" data-mce-fragment=\"1\"><\/iframe><\/p>\r\n<p class=\"cc-media-iframe-container\"><script src=\"\/\/plugin.3playmedia.com\/ajax.js?cc=1&amp;cc_minimizable=1&amp;cc_minimize_on_load=0&amp;cc_multi_text_track=0&amp;cc_overlay=1&amp;cc_searchable=0&amp;embed=ajax&amp;mf=13387221&amp;p3sdk_version=1.11.7&amp;p=20361&amp;player_type=youtube&amp;plugin_skin=dark&amp;target=3p-plugin-target-edhhefgc-BaSj_6mrDsA?si=QdcyyzSGe3ojd_zr&amp;vembed=0&amp;video_id=BaSj_6mrDsA?si=QdcyyzSGe3ojd_zr&amp;video_target=tpm-plugin-edhhefgc-BaSj_6mrDsA?si=QdcyyzSGe3ojd_zr\" type=\"text\/javascript\"><\/script><\/p>\r\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/How+Tariffs+Are+Scaring+Americans+Into+Shopping+More_transcript.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cHow Tariffs Are Scaring Americans Into Shopping More\u201d here (opens in new window).<\/a><\/p>\r\n<\/section>\r\n<h3>The video mentions \"doom spending\" as purchases driven by fear of future price increases. How does this behavior relate to money's function as a store of value?<\/h3>\r\n<p>[reveal-answer q=\"354011\"]Click to Show Sample Answer[\/reveal-answer]<br \/>\r\n[hidden-answer a=\"354011\"]\"Doom spending\" directly challenges money's function as a store of value. When consumers rush to make purchases due to fears of future price increases, they're effectively demonstrating a lack of confidence in money's ability to maintain its purchasing power over time. Money serves as a store of value when it can reliably preserve wealth between the time it's earned and when it's spent. However, in the video, we see that tariff concerns and inflation expectations influenced some people to convert their money into goods immediately, rather than holding onto it.<\/p>\r\n<p>This behavior indicates that consumers believe physical goods will better preserve value than the currency itself. By purchasing items now that they anticipate needing in the future, shoppers are essentially using those goods as an alternative store of value.\u00a0This creates a circular problem: the rush to spend accelerates demand, which can further drive up prices, potentially validating the initial fears and further undermining money's store of value function. This illustrates how perceptions about money's stability can significantly impact its effectiveness as one of the three key functions of money.[\/hidden-answer]<\/p>","rendered":"<section class=\"textbox learningGoals\">\n<ul>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Explain what money is&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Explain what money is<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Explain why money is important&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Explain why money is important<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Identify alternatives to traditional currency&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14720,&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Identify alternatives to traditional currency<\/span><\/li>\n<\/ul>\n<\/section>\n<h2>The Value of Money<\/h2>\n<p>This video examines how economic concerns in the first half of 2025, particularly around tariffs and price increases, influenced consumer spending behavior in a phenomenon known as &#8220;doom spending.&#8221;<\/p>\n<section class=\"textbox watchIt\" aria-label=\"Watch It\"><script src=\"https:\/\/www.youtube.com\/iframe_api\" type=\"text\/javascript\"><\/script><\/p>\n<p class=\"cc-media-iframe-container\"><iframe id=\"tpm-plugin-edhhefgc-BaSj_6mrDsA?si=QdcyyzSGe3ojd_zr\" class=\"cc-media-iframe\" src=\"https:\/\/www.youtube.com\/embed\/BaSj_6mrDsA?si=QdcyyzSGe3ojd_zr?enablejsapi=1\" frameborder=\"0\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p class=\"cc-media-iframe-container\"><script src=\"\/\/plugin.3playmedia.com\/ajax.js?cc=1&amp;cc_minimizable=1&amp;cc_minimize_on_load=0&amp;cc_multi_text_track=0&amp;cc_overlay=1&amp;cc_searchable=0&amp;embed=ajax&amp;mf=13387221&amp;p3sdk_version=1.11.7&amp;p=20361&amp;player_type=youtube&amp;plugin_skin=dark&amp;target=3p-plugin-target-edhhefgc-BaSj_6mrDsA?si=QdcyyzSGe3ojd_zr&amp;vembed=0&amp;video_id=BaSj_6mrDsA?si=QdcyyzSGe3ojd_zr&amp;video_target=tpm-plugin-edhhefgc-BaSj_6mrDsA?si=QdcyyzSGe3ojd_zr\" type=\"text\/javascript\"><\/script><\/p>\n<p>You can view the\u00a0<a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/How+Tariffs+Are+Scaring+Americans+Into+Shopping+More_transcript.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cHow Tariffs Are Scaring Americans Into Shopping More\u201d here (opens in new window).<\/a><\/p>\n<\/section>\n<h3>The video mentions &#8220;doom spending&#8221; as purchases driven by fear of future price increases. How does this behavior relate to money&#8217;s function as a store of value?<\/h3>\n<p><div class=\"qa-wrapper\" style=\"display: block\"><button class=\"show-answer show-answer-button collapsed\" data-target=\"q354011\">Click to Show Sample Answer<\/button><\/p>\n<div id=\"q354011\" class=\"hidden-answer\" style=\"display: none\">&#8220;Doom spending&#8221; directly challenges money&#8217;s function as a store of value. When consumers rush to make purchases due to fears of future price increases, they&#8217;re effectively demonstrating a lack of confidence in money&#8217;s ability to maintain its purchasing power over time. Money serves as a store of value when it can reliably preserve wealth between the time it&#8217;s earned and when it&#8217;s spent. However, in the video, we see that tariff concerns and inflation expectations influenced some people to convert their money into goods immediately, rather than holding onto it.<\/p>\n<p>This behavior indicates that consumers believe physical goods will better preserve value than the currency itself. By purchasing items now that they anticipate needing in the future, shoppers are essentially using those goods as an alternative store of value.\u00a0This creates a circular problem: the rush to spend accelerates demand, which can further drive up prices, potentially validating the initial fears and further undermining money&#8217;s store of value function. This illustrates how perceptions about money&#8217;s stability can significantly impact its effectiveness as one of the three key functions of money.<\/p><\/div>\n<\/div>\n","protected":false},"author":21,"menu_order":6,"template":"","meta":{"_candela_citation":"[{\"type\":\"copyrighted_video\",\"description\":\"How Tariffs Are Scaring Americans Into Shopping More\",\"author\":\"CNBC\",\"organization\":\"\",\"url\":\"https:\/\/youtu.be\/BaSj_6mrDsA\",\"project\":\"\",\"license\":\"arr\",\"license_terms\":\"Standard YouTube License\"}]","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"part":2853,"module-header":"apply_it","content_attributions":[{"type":"copyrighted_video","description":"How Tariffs Are Scaring Americans Into Shopping More","author":"CNBC","organization":"","url":"https:\/\/youtu.be\/BaSj_6mrDsA","project":"","license":"arr","license_terms":"Standard YouTube License"}],"internal_book_links":[],"video_content":null,"cc_video_embed_content":{"cc_scripts":"<script type='text\/javascript' src='https:\/\/www.youtube.com\/iframe_api'><\/script><script type='text\/javascript' src='\/\/plugin.3playmedia.com\/ajax.js?cc=1&cc_minimizable=1&cc_minimize_on_load=0&cc_multi_text_track=0&cc_overlay=1&cc_searchable=0&embed=ajax&mf=13387221&p3sdk_version=1.11.7&p=20361&player_type=youtube&plugin_skin=dark&target=&vembed=0&video_id=BaSj_6mrDsA&video_target=tpm-plugin-edhhefgc-BaSj_6mrDsA?si=QdcyyzSGe3ojd_zr'><\/script>\n","media_targets":["tpm-plugin-edhhefgc-BaSj_6mrDsA?si=QdcyyzSGe3ojd_zr"]},"try_it_collection":null,"_links":{"self":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2859"}],"collection":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/users\/21"}],"version-history":[{"count":15,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2859\/revisions"}],"predecessor-version":[{"id":9798,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2859\/revisions\/9798"}],"part":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/parts\/2853"}],"metadata":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2859\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/media?parent=2859"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapter-type?post=2859"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/contributor?post=2859"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/license?post=2859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}