• Explain why the Bank of Canada targets the overnight lending rate and why it is considered the most effective monetary tool.

• Discuss using graph (if possible) and explanation:

A. Fiscal policy objectives and the tools used to reach the ultimate targets.

B.Monetary policy objectives and instruments/tools used to reach the ultimate targets

• Under the monetarist policy or quantity theory of money, what do monetarists assume will happen if the Bank of Canada increases the money supply? Discuss the model and its potential effect on inflation in the short run and long run.

• The US government imposes a 15% tariff on Canadian steel exports. Discuss the impact this tariff has on Canadian steel producers, Canadian consumers, US steel producers, US consumers, and the US government.

Need help with these 4 questions. These questions are exam practice questions. So please give thorough explanations.