Recall Application 3, "A Downside to the Euro," to Answer

Recall Application 3, "A Downside to the Euro," to answer the following questions:
-According to the application, what caused the increase in wage rates in Greece?

A) An export boom pushed the unemployment rate well below the natural rate.
B) The government instituted a new minimum wage law, raising minimum wages 50 percent.
C) Greece pursue expansionary monetary policies immediately after joining the Euro- zone.
D) An investment boom financed a wide range of projects in the country, increasing the demand for workers.