Hundreds of thousands of jobs were eliminated from the Australian economy in 2016. Does this mean that the unemployment rate also rose during this year? Explain. (Select all that apply.) O A. No; it is possible that the unemployment rate could fall if the labour force participation rate falls by a large enough amount. OB. Yes; if jobs are eliminated, then the unemployment rate will rise. O C. No; it is possible that the unemployment rate could fall if the size of the labour force falls by a large enough amount. O D. No; it is possible that other jobs were created at the same time and that the unemployment rate actually fell. O E. Yes, because the number of jobs eliminated is the net change in the number of jobs.Real-Time Data Analysis Exercise Click the following link to view Australian data from FRED\". Then use that data to answer the following questions. {The 'FRED' link will take you directly to the unemployment level data page on FRED. To answer the questions. you will need to either click on the individual series indicated in the problem or search for the series ID. and then you will need to click on the 'view data' link. There are a lot of data points. so be sure to select the value that corresponds to the date asked for in the exercise.) *Realtime data provided by Federal Reserve Economic Data {FRED}. Federal Reserve Bank of St Louis. USA. The data in the table below shows annual employment data for 199?. Search FRED for the series IDs listed below and correctly identify the title for each one. Title Series ID Value Unemployment level AUSURTOTADSMEI Framer Civilian labour force AUSLFTOTADSMEI 9.206.?25 Working-age emulation AU stPNA 14.525 Using FRED. the values for each series above are in thousands ofpersons . Use the data in the table above to calculate the unemployment rate in 199?. The unemployment rate was 3.45 per cent. (Enter your response rounded to two decimal places} Now use the data in the table above to calculate the percentage of working age people who did not have jobs in 199T. The percentage of working age people who did not have jobs was per cent. {Enter your response rounded to two decimal places.) '.- Real-Time Data Analysis Exercise Click the following link to Australian economic data from FRED*. Then use that data to answer the following questions. (The 'FRED' link will take you directly to the unemployment level data page on FRED. To answer the questions, you will need to either click on the individual series indicated in the problem or search for the series ID, and then you will need to click on the 'view data' link. There are a lot of data points, so be sure to select the value that corresponds to the date asked for in the exercise.) *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of St Louis, USA. For this exercise, you will need to enter data from FRED for employment, unemployment and the working age population. Using the data from FRED, enter the values for 2011 (shown as 2011- 01 - 01 in FRED) for the following series IDs. (Enter your responses in thousands rounded to three decimal places.) Value (thousands of Series Series ID people) Employment in Australia AUSEMPT Unemployment Level: Survey-Based (All Persons) in Australia (Annual) AUSURTOTADSMEI Working age Population in Australia AUSWFPNADuring the 2007-2008 Global Financial Crisis, unemployment rates in many countries were at very high levels. By 2010, a number of countries were showing signs of economic recovery. However, their rates of unemployment were remaining high, and in some countries the rates of unemployment were continuing to rise further. Why would the rates of unemployment remain very high or rise even further, even when these economies had begun to grow again? O A. The unemployment rate increases due to increasing inflation rates during recessions. O B. The rates of unemployment remained high due to seasonal unemployment. O C. Employment growth may be slow relative to the growth in the labour force. O D. The rates of unemployment remained high due to frictional unemployment