The problem of “cyclical asymmetry” refers to the idea that:

A) a tight money policy can force a contraction of the money supply, but an easy money policy may not achieve an expansion of the money supply

B) the monetary authorities have been less willing to use an easy money policy than they have a tight money policy

C) cyclical downswings are typically of longer duration than cyclical upswings.

D) an easy money policy can force an expansion of the money supply, but a tight money policy may not achieve a contraction of the money supply.

A