A transformer can step up or step down AC voltage
That's called a transformer.
An electrical device that converts alternating current to direct current is known as a rectifier. An inverter is a device that converts direct current to alternating current.
If resistance increases and voltage stays the same, then current decreases. Ohm's Law: Current equals Voltage divided by Resistance.
A device called an inverter is used to convert direct current (DC) to alternating current (AC). The inverter switches the direction of the current flow at a rapid rate, creating an alternating current output from the direct current input.
An inverter
No, it has to be an alternating current in order to work
It's called an inverter.
A Rectifier converts Alternating current into Direct current
That's called a transformer.
A transformer can perform this function.
Depends on the device. If it is a resistor and you have a fixed voltage then the circuit will obey Ohms law. Voltage = Current x Resistance. So if R increases by adding more resistors in series and the voltage is constant, the current will decrease.
By "alternative" I presume you mean "alternating". Yes it can by using a device called a rectifier then some sort of bypass circuit to conduct the alternating current to ground, usually just a capacitor.