For each of the following events, explain what is likely to happen to the labor force participation rate:
a. The federal minimum wage is abolished.
b. The minimum legal working age is lowered from 16 to 14.
c. The economy is in the midst of a prolonged period of economic growth.
d. The federal government decreases the duration of unemployment benefits from a high of 99 weeks back to a maximum of 26 weeks.
e. The federal government lowers the minimum age requirement for collecting Social Security benefits.