Indicate what happens to the unemployment rate and the labor-force participation rate in each of the following scenarios. Scenario Effect On... Unemployment Rate Labor-Force Participation Rate After an unsuccessful job search, Bob gives up looking and retires. Decreases Stays the same Cho, a stay-at-home mom, starts looking for a job as her kid enters elementary school. Increases Increases Eric has a birthday, becomes an adult, but has no interest in working. Stays the same Increases Ginny dies while enjoying retirement. Stays the same Stays the same