Almost 10,000 baby boomers--those born between 1946 and 1964--turn 65 every day and leave the labor force. In 2031, 75 million Americans will be over the age of 65, almost double the number in 2008. Source: smartasset.com, April 1, 2019 How would you expect the change in the labor force described in the news clip to affect potential GDP and the natural unemployment rate? Question content area bottom Part 1 If more people retire than new people join the labor force, _______. A. labor becomes more productive and potential GDP increases B. labor experiences diminishing returns and potential GDP decreases C. the full-employment quantity of labor decreases and potential GDP decreases D. the production function shifts upward and potential GDP increases E. the demand for labor increases, which increases the full-employment quantity of labor and potential GDP increases Part 2 If more people retire than new people join the labor force, the natural unemployment rate _______. A. rises, falls, or remains the same B. falls to zero C. falls but remains positive D. rises E. remains the same