Suppose the world price of steel falls substantially. the demand for labor among steel-producing firms in pennsylvania willincrease . the demand for labor among automobile-producing firms in michigan, for which steel is an input, willincrease . the temporary unemployment resulting from such sectoral shifts in the economy is best described ascyclical unemployment.

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.