Use the AD/AS model to compare the short-run and long-run impacts of a recession in the US

Question:

Use the AD/AS model to compare the short-run and long-run impacts of a recession in the US economy (i.e. a reduction in Canadian exports to the US) on the Canadian economy under a flexible exchange rate regime versus a fixed exchange rate regime. Be sure to explain the impacts on interest rates, capital flows, exchange rates and the money supply? Under which regime are the short-run effects on Canadian national income more pronounced?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...