Q6 Suppose the age at which people voluntarily retire increases. There is no change in the number of unemployed people. Then:

(a)The unemployment rate will decrease, and the participation rate will decrease.

(b)The unemployment rate will decrease, and the participation rate will increase.

(c)The unemployment rate will increase, and the participation rate will decrease.

(d)The unemployment rate will increase, and the participation rate will increase.

(e)None of the above.

Please help me with this question. What is the answer and please provide working out and explanation please