#1: TRUE FALSE In a market, if both the SUPPLY and DEMAND curve increase, it is certain that P* will decrease.

#2: TRUE FALSE If the government deregulates (eliminates certain regulations for) the "beauty" industry, we would expect the Q* on services in this industry to increase.

#3: TRUE FALSE In a monopsony, workers tend to be paid less than the value of their output, causing income to be redistributed from workers to employers.

#4: TRUE FALSE In general, if a market has an uncorrected positive externality, the P* in that market is too high.

#5: TRUE FALSE If the Q* of a specific market decreases during an economic recession, we could conclude that the good from this market is an inferior good.

#6: TRUE FALSE If there is a current shortage of a specific good (Qd > Qs), we would expect the price of that good to increase.

#7: TRUE FALSE Consumers benefit in markets in which there is industry concentration as that will decrease prices.

#8: TRUE FALSE A decrease in the interest rate should increase investment and therefore increase AD.

#9: TRUE FALSE Increasing Tr (transfer payments) is an example of expansionary monetary policy.

#10: TRUE FALSE Economists who call themselves "Keynesians" generally believe the government should use contractionary economic policy when RGDP is too low.

#11: TRUE FALSE Increases in an economy's innovation and productivity should increase the AD curve and lower prices.

#12: TRUE FALSE If the SRAS decreases and the AD decreases, we are certain there will be upward pressure on prices and inflation.

#13: TRUE FALSE In order for the economy to be at long run equilibrium, the economy must reach "triple equilibrium," i.e. AD = SRAS = LRAS.

#14: TRUE FALSE If the US FED raises interest rates but the Bank of England (the Central Bank of the UK) does not, we would expect the dollar to depreciate relative to the British pound.

#15: TRUE FALSE Germany has a comparative advantage in cars. If German labor unions demand higher wages in that industry, that would decrease German exports.

Please give proper explanation