IB Economics HL · 2022 to 2025

3.5 Demand management: monetary policy

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HL archive · 2022 to 2026

3.5 Demand management: monetary policy

Latest exam session: May 2026

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By year6micro-topics

Micro-topics in 3.5 Demand management: monetary policy

In syllabus order. The ring is the share of papers each appears in.

  • 2

    3.5.1

    Monetary policy and its goals

    1 question · in 2% of papers

    Less common

    last Nov 24 P2

  • 9

    3.5.2

    Real and nominal interest rates

    4 questions · in 9% of papers

    Occasional

    last May 26 P2 TZ3

  • 9

    3.5.3

    Expansionary and contractionary monetary policy

    4 questions · in 9% of papers

    Occasional

    last May 25 P2 TZ3

  • 11

    3.5.4

    Effectiveness of monetary policy

    6 questions · in 11% of papers

    Occasional

    last May 26 P1 TZ1

  • 9

    3.5.5

    Money creation, tools and the money market (HL)

    6 questions · in 9% of papers

    Occasional

    last Nov 25 P3

  • 2

    4.5.2

    What changes an exchange rate

    1 question · in 2% of papers

    Less common

    last May 25 P2 TZ1

Exam pattern

How often each micro-topic has been examined, year by year. Each label is explained under the grid.

Does it repeat?

Top 4 of 6 micro-topics for the next sitting. Numbers are questions per year.

fewermore

Micro-topic20222023202420252026
·Real and nominal interest rates, 2022: 0 questions1Real and nominal interest rates, 2023: 1 question·Real and nominal interest rates, 2024: 0 questions2Real and nominal interest rates, 2025: 2 questions1Real and nominal interest rates, 2026: 1 question
1Effectiveness of monetary policy, 2022: 1 question1Effectiveness of monetary policy, 2023: 1 question2Effectiveness of monetary policy, 2024: 2 questions1Effectiveness of monetary policy, 2025: 1 question1Effectiveness of monetary policy, 2026: 1 question
2Money creation, tools and the money market (HL), 2022: 2 questions·Money creation, tools and the money market (HL), 2023: 0 questions·Money creation, tools and the money market (HL), 2024: 0 questions4Money creation, tools and the money market (HL), 2025: 4 questions·Money creation, tools and the money market (HL), 2026: 0 questions
·Expansionary and contractionary monetary policy, 2022: 0 questions·Expansionary and contractionary monetary policy, 2023: 0 questions3Expansionary and contractionary monetary policy, 2024: 3 questions1Expansionary and contractionary monetary policy, 2025: 1 question·Expansionary and contractionary monetary policy, 2026: 0 questions

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  • Occasionalin about one paper in ten

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Questions on 3.5 Demand management: monetary policy, by exam session

Which papers asked about 3.5 Demand management: monetary policy, and which question numbers. Open a paper to see them highlighted.

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Frequently asked questions

Short answers about this page.

Which Economics HL exam sessions are covered for 3.5 Demand management: monetary policy?

10 exam sessions from 2022 to 2026, the latest May 2026. Every Paper 1, 2 and 3 in every timezone is read and classified in full, which gives 14 papers in this archive.

Which 3.5 Demand management: monetary policy topic comes up most?

Real and nominal interest rates (3.5.2): in 9% of papers, last seen May 26 P2 TZ3. Usually "Calculate", worth about 1.3 marks in a paper that includes it.

Can I see the original question and mark scheme?

No. The wording belongs to the IB. You get the citation, the marks, the command term and the skill tested, plus our own matched practice questions with worked answers and AI marking.

What do "banker", "due" and "rising" mean?

Banker: examined in at least one sitting in four and still appearing. Due: regular before, but absent for the last two exam sessions. Rising: clearly more common in the last two years. Our classification of real papers, not an IB statistic.

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