Bernanke (1995) showed that not only did adherence to the gold standard predict deeper and more extended depression, as had been noted by earlier authors, but also that the behavior of various key macro variables, such as real wages and real interest rates, differed across gold-standard and non-gold-standard countries in just the way one would expect if the driving shocks were monetary in nature.
2. plural phenomena a: an object or aspect known through the senses rather than by thought or intuition b: a temporal or spatiotemporal object of sensory experience as distinguished from a noumenon c: a fact or event of scientific interest susceptible to scientific description and explanation.
Usage Discussion of PHENOMENA. Phenomena has been in occasional use as a singular for more than 400 years and its plural phenomenas for more than 350. Our evidence shows that it is primarily a speech form used by poets, critics, and professors, among others, but one that sometimes turns up in edited prose.sage Discussion of PHENOMENA. Phenomena has been in occasional use as a singular for more than 400 years and its plural phenomenas for more than 350. Our evidence shows that it is primarily a speech form used by poets, critics, and professors, among others, but one that sometimes turns up in edited prose.