Question

Passage of the Balanced Budget Act brought about a number of facility closures and prompted an increased number of mergers and other affiliations. True or False?

Answer 1

The statement that the Balanced Budget Act led to facility closures and increased mergers is false, as the federal government had budget surpluses from 1998 to 2001.

Step-by-step explanation:

The assertion that the passage of the Balanced Budget Act led to facility closures and an increased number of mergers is False. While it is true that budgetary conditions can influence economic activities such as mergers and facility operations, the claim is misleading when considering the actual budgetary trends around that time.

Specifically, the federal government ran budget surpluses from 1998 to 2001, contrary to what might be implied by the assertion in question.