unemployment rate didn't go down - it fell from 4.63% to 4.52%. If there are around 150,000 fewer people in jobs, shouldn't the unemployment rate go up? How is this possible?" Firstly verify whether your colleague is correct when they say that the unemployment rate fell between July 2021 and August 2021. Then, help your colleague understand how it is possible for the unemployment rate to fall even though the number of people with jobs also fell. Explain what other economic indicator needs to be monitored, and provide your calculation of the changes in this other indicator that occurred between July 2021 and August 2021. To support your calculations, include all your working and the formulas you applied to compute these labour market statistics. Round off your answers to 2 decimal points. When you obtain your answers, write a clear sentence that addresses the specific questions that have been asked. f) The experience of the Global Financial Crisis has made policymakers vigilant about ensuring the stability of the financial system and avoiding a repeat of the GFC during the shock of COVID-19 pandemic. Choose one of the following policies as an example of prudential regulation and explain how it contributes to the stability of the financial system. (2 sentences) * Policy #1 Deregulation of the financial market which introduced a floating exchange rate " Policy #2 The decision made by the Board of the Reserve Bank of Australia to lift the cash rate to prevent runaway inflation " Policy #3 The tightening of lending limits on commercial banks and the requirement that all commercial banks hold an Exchange Settlement account with the Central Bank