IB Economics HL · 2022 to 2025

3.2 Variations in economic activity: aggregate demand and aggregate supply

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HL archive · 2022 to 2026

3.2 Variations in economic activity: aggregate demand and aggregate supply

Latest exam session: May 2026

questions
questions
papers
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exam sessions
exam sessions
By year3micro-topics

Micro-topics in 3.2 Variations in economic activity: aggregate demand and aggregate supply

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

  • 18

    3.2.1

    Aggregate demand

    9 questions · in 18% of papers

    Regular

    last May 26 P2 TZ2

  • 13

    3.2.2

    Aggregate supply

    6 questions · in 13% of papers

    Rising

    last May 26 P3

  • 11

    3.2.3

    Equilibrium and macroeconomic shocks

    5 questions · in 11% of papers

    Occasional

    last May 26 P2 TZ3

Exam pattern

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

Does it repeat?

Questions per year for each micro-topic.

fewermore

Micro-topic20222023202420252026
3.2.2Aggregate supplyRising · last May 26 P3
·Aggregate supply, 2022: 0 questions1Aggregate supply, 2023: 1 question1Aggregate supply, 2024: 1 question2Aggregate supply, 2025: 2 questions2Aggregate supply, 2026: 2 questions
3.2.1Aggregate demandRegular
2Aggregate demand, 2022: 2 questions3Aggregate demand, 2023: 3 questions·Aggregate demand, 2024: 0 questions3Aggregate demand, 2025: 3 questions1Aggregate demand, 2026: 1 question
3.2.3Equilibrium and macroeconomic shocksOccasional
·Equilibrium and macroeconomic shocks, 2022: 0 questions·Equilibrium and macroeconomic shocks, 2023: 0 questions3Equilibrium and macroeconomic shocks, 2024: 3 questions·Equilibrium and macroeconomic shocks, 2025: 0 questions2Equilibrium and macroeconomic shocks, 2026: 2 questions
  • Risingappearing more often in the last two years than before
  • Regularin roughly one paper in six or more
  • Occasionalin about one paper in ten

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Questions on 3.2 Variations in economic activity: aggregate demand and aggregate supply, by exam session

Which papers asked about 3.2 Variations in economic activity: aggregate demand and aggregate supply, and which question numbers. Open a paper to see them highlighted.

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Frequently asked questions

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Which Economics HL exam sessions are covered for 3.2 Variations in economic activity: aggregate demand and aggregate supply?

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 18 papers in this archive.

Which 3.2 Variations in economic activity: aggregate demand and aggregate supply topic comes up most?

Aggregate supply (3.2.2): in 13% of papers, last seen May 26 P3. Usually "Explain", worth about 4 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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