Please respond to question 3 of the Discussion Questions whichreads, “Suppose that a government tries to reduce the unemployment rateby making it harder for firms to fire workers. This reduces thefraction of employed workers who lose their jobs each month.However, because firms are now more hesitant about hiring newworkers, it also takes longer for each unemployed worker to find ajob. What effects might this policy change have on the nation’sunemployment rate?” You must discuss what the ‘barriers’ to entry is/are,what effect this has on the demand and supply of labor, and thegeneral effect on the national unemployment rate. What is thegeneral effect of government intervention in marketpricing? You must demonstrate understanding of the relevant concepts(definitions and/or examples that apply). . . .