What are some approaches monetary theorist my use to promote long-run macro stability?

Question

What are some approaches monetary theorist my use to promote long-run macro stability?

Answer 1

Monetarists believe that the supply curve is perfectly inelastic, thus the only way to achieve stable economic growth in the long run is through trying to shift aggregate supply to the right by using supply side policies. These basically encourage producers to produce, rather than consumers to consume so include improvements in technology and training the labour force etc etc