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

A) Discretionary policies often do more harm than good.
B) Monetary policy should be used to fine-tune the economy.
C) Fiscal policy is more effective than monetary policy.
D) Both monetary and fiscal policy are unable to influence output,employment,and the price level.
E) Discretionary policies are not very helpful but neither are they particularly harmful.

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.