Problem
After the sovereign default of the government in Argentina and the subsequent financial crisis, the administration imposed higher tariffs on imports to protect local industry. Explain how you think these higher tariffs must have affected both the nominal and the real exchange rate of the Argentine peso. Do so based on the theory PPP and law of on price.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.