diff --git a/.github/workflows/check-dist.yml b/.github/workflows/check-dist.yml
index 4c3d69e22..6274fd288 100644
--- a/.github/workflows/check-dist.yml
+++ b/.github/workflows/check-dist.yml
@@ -21,7 +21,7 @@ jobs:
     runs-on: ubuntu-latest
 
     steps:
-      - uses: actions/checkout@v2
+      - uses: actions/checkout@v3
 
       - name: Set Node.js 16.x
         uses: actions/setup-node@v3
@@ -45,7 +45,7 @@ jobs:
         id: diff
 
       # If index.js was different than expected, upload the expected version as an artifact
-      - uses: actions/upload-artifact@v2
+      - uses: actions/upload-artifact@v3
         if: ${{ failure() && steps.diff.conclusion == 'failure' }}
         with:
           name: dist
diff --git a/.github/workflows/codeql-analysis.yml b/.github/workflows/codeql-analysis.yml
index c30fab46e..3ea240d83 100644
--- a/.github/workflows/codeql-analysis.yml
+++ b/.github/workflows/codeql-analysis.yml
@@ -18,11 +18,11 @@ jobs:
 
     steps:
     - name: Checkout repository
-      uses: actions/checkout@v2
+      uses: actions/checkout@v3
 
     # Initializes the CodeQL tools for scanning.
     - name: Initialize CodeQL
-      uses: github/codeql-action/init@v1
+      uses: github/codeql-action/init@v2
       # Override language selection by uncommenting this and choosing your languages
       # with:
       #   languages: go, javascript, csharp, python, cpp, java
@@ -30,7 +30,7 @@ jobs:
     # Autobuild attempts to build any compiled languages  (C/C++, C#, or Java).
     # If this step fails, then you should remove it and run the build manually (see below)
     - name: Autobuild
-      uses: github/codeql-action/autobuild@v1
+      uses: github/codeql-action/autobuild@v2
 
     # ℹ️ Command-line programs to run using the OS shell.
     # 📚 https://git.io/JvXDl
@@ -44,4 +44,4 @@ jobs:
     #   make release
 
     - name: Perform CodeQL Analysis
-      uses: github/codeql-action/analyze@v1
+      uses: github/codeql-action/analyze@v2
diff --git a/.github/workflows/licensed.yml b/.github/workflows/licensed.yml
index a78560b8b..6f4cd9223 100644
--- a/.github/workflows/licensed.yml
+++ b/.github/workflows/licensed.yml
@@ -13,7 +13,7 @@ jobs:
     runs-on: ubuntu-latest
     name: Check licenses
     steps:
-      - uses: actions/checkout@v2
+      - uses: actions/checkout@v3
       - name: Set Node.js 16.x
         uses: actions/setup-node@v3
         with:
diff --git a/.github/workflows/release-new-action-version.yml b/.github/workflows/release-new-action-version.yml
index 955ced7e6..968c77fb3 100644
--- a/.github/workflows/release-new-action-version.yml
+++ b/.github/workflows/release-new-action-version.yml
@@ -21,7 +21,7 @@ jobs:
     runs-on: ubuntu-latest
     steps:
     - name: Update the ${{ env.TAG_NAME }} tag
-      uses: actions/publish-action@v0.1.0
+      uses: actions/publish-action@v0.2.0
       with:
         source-tag: ${{ env.TAG_NAME }}
-        slack-webhook: ${{ secrets.SLACK_WEBHOOK }}
\ No newline at end of file
+        slack-webhook: ${{ secrets.SLACK_WEBHOOK }}
diff --git a/.github/workflows/test-pypy.yml b/.github/workflows/test-pypy.yml
index e4a53bb2f..4800662e3 100644
--- a/.github/workflows/test-pypy.yml
+++ b/.github/workflows/test-pypy.yml
@@ -34,7 +34,7 @@ jobs:
 
     steps:
       - name: Checkout
-        uses: actions/checkout@v2
+        uses: actions/checkout@v3
   
       - name: setup-python ${{ matrix.pypy }}
         id: setup-python
diff --git a/.github/workflows/workflow.yml b/.github/workflows/workflow.yml
index 171e20552..5c8cc77f9 100644
--- a/.github/workflows/workflow.yml
+++ b/.github/workflows/workflow.yml
@@ -17,7 +17,7 @@ jobs:
         operating-system: [ubuntu-latest, windows-latest]
     steps:
     - name: Checkout
-      uses: actions/checkout@v2
+      uses: actions/checkout@v3
 
     - name: Set Node.js 16.x
       uses: actions/setup-node@v3
diff --git a/README.md b/README.md
index 84b2e642e..6e178e2f6 100644
--- a/README.md
+++ b/README.md
@@ -127,6 +127,26 @@ steps:
 - run: python my_script.py
 ```
 
+Download and set up the latest patch version of Python (for specified major & minor versions):
+```yaml
+steps:
+- uses: actions/checkout@v3
+- uses: actions/setup-python@v4
+  with:
+    python-version: '3.11-dev'
+- run: python my_script.py
+```
+
+Download and set up the latest stable version of Python (for specified major version):
+```yaml
+steps:
+- uses: actions/checkout@v3
+- uses: actions/setup-python@v4
+  with:
+    python-version: '3.x'
+- run: python my_script.py
+```
+
 Download and set up PyPy:
 
 ```yaml
@@ -320,6 +340,21 @@ steps:
 - run: pipenv install
 ```
 
+**Using a list of wildcard patterns to cache dependencies**
+```yaml
+steps:
+- uses: actions/checkout@v3
+- uses: actions/setup-python@v4
+  with:
+    python-version: '3.10'
+    cache: 'pip'
+    cache-dependency-path: |
+      **/setup.cfg
+      **/requirements*.txt
+- run: pip install -e . -r subdirectory/requirements-dev.txt
+```
+
+
 # Environment variables
 
  The `update-environment` flag defaults to `true`.
@@ -357,7 +392,7 @@ If you are experiencing problems while configuring Python on your self-hosted ru
 ### Linux
 
 - The Python packages that are downloaded from `actions/python-versions` are originally compiled from source in `/opt/hostedtoolcache/` with the [--enable-shared](https://github.com/actions/python-versions/blob/94f04ae6806c6633c82db94c6406a16e17decd5c/builders/ubuntu-python-builder.psm1#L35) flag, which makes them non-relocatable.
-- Create an environment variable called `AGENT_TOOLSDIRECTORY` and set it to `/opt/hostedtoolcache`. This controls where the runner downloads and installs tools.
+- By default runner downloads and install the tools to `/opt/hostedtoolcache`. The environment variable called `AGENT_TOOLSDIRECTORY` can be set to change this location.
   - In the same shell that your runner is using, type `export AGENT_TOOLSDIRECTORY=/opt/hostedtoolcache`.
   - A more permanent way of setting the environment variable is to create a `.env` file in the same directory as your runner and to add `AGENT_TOOLSDIRECTORY=/opt/hostedtoolcache`. This ensures the variable is always set if your runner is configured as a service.
 - Create a directory called `hostedtoolcache` inside `/opt`.
diff --git a/__tests__/find-pypy.test.ts b/__tests__/find-pypy.test.ts
index 04a27cf3c..3da9a226e 100644
--- a/__tests__/find-pypy.test.ts
+++ b/__tests__/find-pypy.test.ts
@@ -151,8 +151,11 @@ describe('findPyPyVersion', () => {
   let spyChmodSync: jest.SpyInstance;
   let spyCoreAddPath: jest.SpyInstance;
   let spyCoreExportVariable: jest.SpyInstance;
+  const env = process.env;
 
   beforeEach(() => {
+    jest.resetModules();
+    process.env = {...env};
     tcFind = jest.spyOn(tc, 'find');
     tcFind.mockImplementation((tool: string, version: string) => {
       const semverRange = new semver.Range(version);
@@ -214,6 +217,7 @@ describe('findPyPyVersion', () => {
     jest.resetAllMocks();
     jest.clearAllMocks();
     jest.restoreAllMocks();
+    process.env = env;
   });
 
   it('found PyPy in toolcache', async () => {
diff --git a/__tests__/finder.test.ts b/__tests__/finder.test.ts
index cf07a234d..3bd279f11 100644
--- a/__tests__/finder.test.ts
+++ b/__tests__/finder.test.ts
@@ -28,10 +28,12 @@ const manifestData = require('./data/versions-manifest.json');
 describe('Finder tests', () => {
   let spyCoreAddPath: jest.SpyInstance;
   let spyCoreExportVariable: jest.SpyInstance;
+  const env = process.env;
 
   beforeEach(() => {
+    jest.resetModules();
+    process.env = {...env};
     spyCoreAddPath = jest.spyOn(core, 'addPath');
-
     spyCoreExportVariable = jest.spyOn(core, 'exportVariable');
   });
 
@@ -39,6 +41,7 @@ describe('Finder tests', () => {
     jest.resetAllMocks();
     jest.clearAllMocks();
     jest.restoreAllMocks();
+    process.env = env;
   });
 
   it('Finds Python if it is installed', async () => {
@@ -66,7 +69,6 @@ describe('Finder tests', () => {
     await finder.useCpythonVersion('3.x', 'x64', false);
     expect(spyCoreAddPath).not.toHaveBeenCalled();
     expect(spyCoreExportVariable).not.toHaveBeenCalled();
-    expect(spyCoreExportVariable).not.toHaveBeenCalled();
   });
 
   it('Finds stable Python version if it is not installed, but exists in the manifest', async () => {
diff --git a/dist/setup/index.js b/dist/setup/index.js
index af708d8a3..d55c6c52f 100644
--- a/dist/setup/index.js
+++ b/dist/setup/index.js
@@ -64845,15 +64845,6 @@ function useCpythonVersion(version, architecture, updateEnvironment) {
                 `The list of all available versions can be found here: ${installer.MANIFEST_URL}`
             ].join(os.EOL));
         }
-        if (utils_1.IS_LINUX) {
-            const libPath = process.env.LD_LIBRARY_PATH
-                ? `:${process.env.LD_LIBRARY_PATH}`
-                : '';
-            const pyLibPath = path.join(installDir, 'lib');
-            if (!libPath.split(':').includes(pyLibPath)) {
-                core.exportVariable('LD_LIBRARY_PATH', pyLibPath + libPath);
-            }
-        }
         const _binDir = binDir(installDir);
         const binaryExtension = utils_1.IS_WINDOWS ? '.exe' : '';
         const pythonPath = path.join(utils_1.IS_WINDOWS ? installDir : _binDir, `python${binaryExtension}`);
@@ -65241,6 +65232,7 @@ var __importDefault = (this && this.__importDefault) || function (mod) {
     return (mod && mod.__esModule) ? mod : { "default": mod };
 };
 Object.defineProperty(exports, "__esModule", ({ value: true }));
+exports.logWarning = void 0;
 const core = __importStar(__nccwpck_require__(2186));
 const finder = __importStar(__nccwpck_require__(9996));
 const finderPyPy = __importStar(__nccwpck_require__(4003));
@@ -65263,29 +65255,39 @@ function resolveVersionInput() {
     let version = core.getInput('python-version');
     let versionFile = core.getInput('python-version-file');
     if (version && versionFile) {
-        core.warning('Both python-version and python-version-file inputs are specified, only python-version will be used');
+        core.warning('Both python-version and python-version-file inputs are specified, only python-version will be used.');
     }
     if (version) {
         return version;
     }
-    versionFile = versionFile || '.python-version';
-    if (!fs_1.default.existsSync(versionFile)) {
-        throw new Error(`The specified python version file at: ${versionFile} does not exist`);
+    if (versionFile) {
+        if (!fs_1.default.existsSync(versionFile)) {
+            logWarning(`The specified python version file at: ${versionFile} doesn't exist. Attempting to find .python-version file.`);
+            versionFile = '.python-version';
+            if (!fs_1.default.existsSync(versionFile)) {
+                throw new Error(`The ${versionFile} doesn't exist.`);
+            }
+        }
+        version = fs_1.default.readFileSync(versionFile, 'utf8');
+        core.info(`Resolved ${versionFile} as ${version}`);
+        return version;
     }
-    version = fs_1.default.readFileSync(versionFile, 'utf8');
-    core.info(`Resolved ${versionFile} as ${version}`);
+    core.warning("Neither 'python-version' nor 'python-version-file' inputs were supplied.");
     return version;
 }
 function run() {
     var _a;
     return __awaiter(this, void 0, void 0, function* () {
-        if ((_a = process.env.AGENT_TOOLSDIRECTORY) === null || _a === void 0 ? void 0 : _a.trim()) {
-            core.debug(`Python is expected to be installed into AGENT_TOOLSDIRECTORY=${process.env['AGENT_TOOLSDIRECTORY']}`);
+        // According to the README windows binaries do not require to be installed
+        // in the specific location, but Mac and Linux do
+        if (!utils_1.IS_WINDOWS && !((_a = process.env.AGENT_TOOLSDIRECTORY) === null || _a === void 0 ? void 0 : _a.trim())) {
+            if (utils_1.IS_LINUX)
+                process.env['AGENT_TOOLSDIRECTORY'] = '/opt/hostedtoolcache';
+            else
+                process.env['AGENT_TOOLSDIRECTORY'] = '/Users/runner/hostedtoolcache';
             process.env['RUNNER_TOOL_CACHE'] = process.env['AGENT_TOOLSDIRECTORY'];
         }
-        else {
-            core.debug(`Python is expected to be installed into RUNNER_TOOL_CACHE==${process.env['RUNNER_TOOL_CACHE']}`);
-        }
+        core.debug(`Python is expected to be installed into RUNNER_TOOL_CACHE=${process.env['RUNNER_TOOL_CACHE']}`);
         try {
             const version = resolveVersionInput();
             if (version) {
@@ -65318,6 +65320,11 @@ function run() {
         }
     });
 }
+function logWarning(message) {
+    const warningPrefix = '[warning]';
+    core.info(`${warningPrefix}${message}`);
+}
+exports.logWarning = logWarning;
 run();
 
 
diff --git a/src/find-python.ts b/src/find-python.ts
index 8c085d61a..e1add9533 100644
--- a/src/find-python.ts
+++ b/src/find-python.ts
@@ -70,17 +70,6 @@ export async function useCpythonVersion(
     );
   }
 
-  if (IS_LINUX) {
-    const libPath = process.env.LD_LIBRARY_PATH
-      ? `:${process.env.LD_LIBRARY_PATH}`
-      : '';
-    const pyLibPath = path.join(installDir, 'lib');
-
-    if (!libPath.split(':').includes(pyLibPath)) {
-      core.exportVariable('LD_LIBRARY_PATH', pyLibPath + libPath);
-    }
-  }
-
   const _binDir = binDir(installDir);
   const binaryExtension = IS_WINDOWS ? '.exe' : '';
   const pythonPath = path.join(
diff --git a/src/setup-python.ts b/src/setup-python.ts
index a7728714d..db17735b4 100644
--- a/src/setup-python.ts
+++ b/src/setup-python.ts
@@ -5,7 +5,7 @@ import * as path from 'path';
 import * as os from 'os';
 import fs from 'fs';
 import {getCacheDistributor} from './cache-distributions/cache-factory';
-import {isCacheFeatureAvailable} from './utils';
+import {isCacheFeatureAvailable, IS_LINUX, IS_WINDOWS} from './utils';
 
 function isPyPyVersion(versionSpec: string) {
   return versionSpec.startsWith('pypy');
@@ -28,7 +28,7 @@ function resolveVersionInput(): string {
 
   if (version && versionFile) {
     core.warning(
-      'Both python-version and python-version-file inputs are specified, only python-version will be used'
+      'Both python-version and python-version-file inputs are specified, only python-version will be used.'
     );
   }
 
@@ -36,29 +36,41 @@ function resolveVersionInput(): string {
     return version;
   }
 
-  versionFile = versionFile || '.python-version';
-  if (!fs.existsSync(versionFile)) {
-    throw new Error(
-      `The specified python version file at: ${versionFile} does not exist`
-    );
+  if (versionFile) {
+    if (!fs.existsSync(versionFile)) {
+      logWarning(
+        `The specified python version file at: ${versionFile} doesn't exist. Attempting to find .python-version file.`
+      );
+      versionFile = '.python-version';
+      if (!fs.existsSync(versionFile)) {
+        throw new Error(`The ${versionFile} doesn't exist.`);
+      }
+    }
+
+    version = fs.readFileSync(versionFile, 'utf8');
+    core.info(`Resolved ${versionFile} as ${version}`);
+
+    return version;
   }
-  version = fs.readFileSync(versionFile, 'utf8');
-  core.info(`Resolved ${versionFile} as ${version}`);
+
+  core.warning(
+    "Neither 'python-version' nor 'python-version-file' inputs were supplied."
+  );
 
   return version;
 }
 
 async function run() {
-  if (process.env.AGENT_TOOLSDIRECTORY?.trim()) {
-    core.debug(
-      `Python is expected to be installed into AGENT_TOOLSDIRECTORY=${process.env['AGENT_TOOLSDIRECTORY']}`
-    );
+  // According to the README windows binaries do not require to be installed
+  // in the specific location, but Mac and Linux do
+  if (!IS_WINDOWS && !process.env.AGENT_TOOLSDIRECTORY?.trim()) {
+    if (IS_LINUX) process.env['AGENT_TOOLSDIRECTORY'] = '/opt/hostedtoolcache';
+    else process.env['AGENT_TOOLSDIRECTORY'] = '/Users/runner/hostedtoolcache';
     process.env['RUNNER_TOOL_CACHE'] = process.env['AGENT_TOOLSDIRECTORY'];
-  } else {
-    core.debug(
-      `Python is expected to be installed into RUNNER_TOOL_CACHE==${process.env['RUNNER_TOOL_CACHE']}`
-    );
   }
+  core.debug(
+    `Python is expected to be installed into RUNNER_TOOL_CACHE=${process.env['RUNNER_TOOL_CACHE']}`
+  );
   try {
     const version = resolveVersionInput();
     if (version) {
@@ -101,4 +113,9 @@ async function run() {
   }
 }
 
+export function logWarning(message: string): void {
+  const warningPrefix = '[warning]';
+  core.info(`${warningPrefix}${message}`);
+}
+
 run();