The Problem of "Cyclical Asymmetry" Refers to the Notion That

Multiple Choice

The problem of "cyclical asymmetry" refers to the notion that:

A) monetary policy may be more successful in slowing expansions and controlling inflation than in extracting the economy from severe recession.
B) the monetary authorities have been less willing to use an expansionary monetary policy than they have a restrictive monetary policy.
C) cyclical downswings are typically of longer duration than cyclical upswings.
D) an expansionary monetary policy can force an expansion of the money supply, but a restrictive monetary policy may not achieve a contraction of the money supply.