Look at monetary policy and how it is a tool that the bank of Canada uses to influence the price level. You will consider how the AS-AD model relates to the conditions that required monetary policy to be enacted and how the monetary policy can influence the AS-AD model?

you will interpret a press release from the Bank of Canada.

Choose the link below:

• Bank of Canada lowers overnight rate target to percent.(https://www.bankofcanada.ca/2020/03/press-release-)

Paraphrase the press release (what happened and when?), relate it to the AS-AD model and give some economic rationale for the Bank of Canada decision in the press release.