Question: How do I answer this question for a Macroeconomics course? The current exchange rate between Argentina and Brazil is 0.65 Brazilian Real/Argentinean Peso. 1.1. If

How do I answer this question for a Macroeconomics course?

"The current exchange rate between Argentina and Brazil is 0.65 Brazilian Real/Argentinean Peso.

1.1.If the Argentinean government wanted to reduce the nominal exchange rate to 0.5 Real/Peso, how could it do it?

1.2 If Argentina succeeds in reducing the nominal exchange rate to 0.5 Real/Peso, what will be the long run effect on the price competitiveness of Argentinean goods relative to Brazilian goods?"

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