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.
One of the most fruitful approaches to understanding biological phenomena has been to purify an individual chemical component, such as a protein, from a living organism and to characterize its chemical structure or catalytic activity. As we begin the study of biomolecules and their interactions, some basic questions deserve attention.