Which one of the following statements best describes the monetarist view of economic stabilization?

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The monetarist view of economic stabilization emphasizes the importance of a consistent and stable monetary policy, with relatively little reliance on discretionary policies. Monetarists argue that discretionary policies are subject to lags, uncertainties, and political pressures, which can often result in unintended consequences and produce more harm than good. Instead, they advocate for a rules-based approach that focuses on controlling the money supply and ensuring price stability, which they believe will promote long-term economic growth and stability.

Which One of the Following Statements Best Describes the Monetarist