Foreign investors suddenly loose confidence in the small open economy of Ruritania. Ruritania has a floating exchange rate and Ruritania's central bank leaves interest rates unchanged. As a result,

Group of answer choices

A) Ruritania's currency depreciates and the economy experiences a recession

B) Ruritania's currency depreciates and the economy experiences a boom

C) Ruritania's currency appreciates and the economy experiences a recession

D) Ruritania's currency appreciates and the economy experiences a boom