3) This is a quote straight out of the newspaper. "Police in Collinsville, Ill., arrested Earl Templeton, 38, and charged him with passing three counterfeit $100 bills. According to the police, Templeton said he was not trying to enrich himself but rather to stimulate the economy." Suppose Mr. Templeton was correct in assuming that the economy needed stimulation. Describe how Mr. Templeton's plan would stimulate the economy. Use diagrams to describe the short-run impact of such a plan. Is Mr. Templeton correct about the effect of passing three counterfeit bills? Suppose that Mr. Templeton was incorrect about the economy needing stimulation. What would be the impact of Mr. Templeton's policy in the long-run (use diagrams)?