Economics

If I'm graphing a PAE equation to determine the output gap and what type, say my Y is less than Y*.
Am I correct in thinking the output gap will be a negative number, which would contractionary?

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  1. What is a PAE equation.

    (if PAE refers to Post-Autistic Economics, then I am afraid you are dealing with a new area of econ which I am unfamiliar with)

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