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5.0L (1979-1995) MustangTechnical discussions on 5.0 Liter Mustangs within. This does not include the 5.0 from the 2011 Mustang GT. That information is in the 2005-1011 section.
The first thing you should do or have done is pull codes, see if you have any stored or new and then go from there. You can just unplug the IAC and see if it helps, if the idle improves then you know you have to clean it or replace it. The other suggestions as well, but its alot easier to pull codes and unplug the IAC then it is to clean the throttle body, EGR, or MAF.