The overall econmony "creeps" as well as interest rates, inflation, etc. It is a slow movement in the short term and a fast movement in the long term.
What is "creeping" in terms of marcoeconomics?
Creeping describes a "mild" movement upward. My weight increased very slowly in a creeping fashion. Each year it was only a small amount, but whoa, look at me now! I'm huge! Do you get the point? Creeping can still cause harm in the long run. It is most often used in economics to describe inflation. In contrast to creeping inflation, we have galloping inflation, etc.
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