"Fusion Drive" means that your iMac has 2 storage devices. One is a 1TB HDD (has a spinning platter, NOT an SSD.)
The other device is a very small SSD, probably 32GB.
The 2 devices are joined by software, so you will only show one drive.
On the other hand, RAM (random-access memory) is not part of storage, or your fusion drive. RAM is volatile, which means that if you shut your computer off, you immediately lose everything that is stored in RAM.
Storage (your hard drive, or your Fusion drive) is not dumped when shutting power off. That's where all your apps, the Mac system, all your files and documents are all stored. That does not change, unless you make changes to it as the user.
I still suspect that you may have a failing drive (or simply is not working as well as it did when new). Again, that's where everything is stored, and that's where your system software is accessed.
If the hard drive (your Fusion drive) would need to be replaced, it is not a simple job where you can do "something" through a simple access panel on the back.
AND, you may also not have sufficient RAM for the software that you would like to use, including Garageband.
The RAM on your 21.5-inch iMac is replaceable, but requires full disassembly to get at the RAM slots. NOT something for the novice. (Compared to the larger 27-inch iMac that Apple used to sell, which had a small access door on the back of the screen, very simple and quick to change the RAM sticks. NOT so easy on your 21.5-inch iMac, unfortunately.)