IB Economics HL · 2022 to 2025

3.2 Variations in economic activity: aggregate demand and aggregate supply

16 past paper questions from 14 papers across 7 exam sessions. See what repeats, then practise the same skills with AI marking.

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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
16
questions
papers
14
papers
exam sessions
7
exam sessions
micro-topics
3

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.

  • 22

    3.2.1

    Aggregate demand

    8 questions · in 22% of papersAppears in 7 of the 32 Economics HL papers analysed (22%), at least once each.

    Rising

    last May 26 P2 TZA

  • 16

    3.2.2

    Aggregate supply

    5 questions · in 16% of papersAppears in 5 of the 32 Economics HL papers analysed (16%), at least once each.

    Rising

    last May 26 P3 TZA

  • 9

    3.2.3

    Equilibrium and macroeconomic shocks

    3 questions · in 9% of papersAppears in 3 of the 32 Economics HL papers analysed (9%), at least once each.

    Occasional

    last May 26 P2 TZA

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
3.2.1Aggregate demandRising · last May 26 P2 TZA
1Aggregate demand, 2022: 1 question3Aggregate demand, 2023: 3 questions·Aggregate demand, 2024: 0 questions3Aggregate demand, 2025: 3 questions1Aggregate demand, 2026: 1 question
3.2.2Aggregate supplyRising · last May 26 P3 TZA
·Aggregate supply, 2022: 0 questions1Aggregate supply, 2023: 1 question2Aggregate supply, 2024: 2 questions1Aggregate supply, 2025: 1 question1Aggregate supply, 2026: 1 question
3.2.3Equilibrium and macroeconomic shocksOccasional
·Equilibrium and macroeconomic shocks, 2022: 0 questions·Equilibrium and macroeconomic shocks, 2023: 0 questions2Equilibrium and macroeconomic shocks, 2024: 2 questions·Equilibrium and macroeconomic shocks, 2025: 0 questions1Equilibrium and macroeconomic shocks, 2026: 1 question
  • Risingappearing more often in the last two years than before
  • 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

Short answers about this page.

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

8 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 3.2 Variations in economic activity: aggregate demand and aggregate supply topic comes up most?

Aggregate demand (3.2.1): in 22% of papers, last seen May 26 P2 TZA. Usually "explain / justify", worth about 5 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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