data shows that consumption decreases as capital stock (K) decreases as period t increases. an economy does not reach its new steady state in 10 periods. explain whether artificial intelligence will make households happier (you may assume households are happier when consumption increases). In responding to this question, please address the following points: (i) Describe how consumption evolves and explain the mechanisms driving this change. (ii) Comment on how persuasive the results of part (b) are. (iii) Explain one way you could improve the model in part (b). Using diagrams, explain how the improvement might better capture the impact of AI in the long run