Because of Its Phobia-Like Avoidance Elements, Hypochondriasis Has Been Renamed

question 96

True/False

Because of its phobia-like avoidance elements, hypochondriasis has been renamed "health anxiety disorder."

---

Definitions:

Unemployment

The situation in which individuals who are able and willing to work cannot find employment.

Minimum-Wage Law

Legislation that sets the lowest hourly wage rate that employers can legally pay their workers.

Equilibrium Wage

The wage level at which the quantity of labor demanded by employers matches the quantity of labor supplied by workers, leading to a stable employment situation.

Labor Supplied

Labor supplied refers to the total hours that workers in an economy are willing and able to work at a given wage rate.