Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: Recession of 1937–1938 | Statement: [Federal Reserve reserve requirement increases of 1936–1937, contributedTo, Recession of 1937–1938]

Target entity: Recession of 1937–1938
Context triple: [Federal Reserve reserve requirement increases of 1936–1937, contributedTo, Recession of 1937–1938]

• A. Recession of 1937–1938 chosen
  The Recession of 1937–1938 was a sharp economic downturn in the United States during the New Deal era, marked by renewed declines in industrial production and employment after an initial recovery from the Great Depression.
• B. Great Depression
  The Great Depression was a severe worldwide economic downturn during the 1930s that led to massive unemployment, bank failures, and profound social and political change.
• C. The Recession
  "The Recession" is a politically charged 2008 studio album by American rapper Jeezy that reflects on economic hardship, street life, and social issues in the United States.
• D. The Great Contraction, 1929–1933
  The Great Contraction, 1929–1933, refers to the severe monetary and economic collapse at the start of the Great Depression, marked by massive bank failures, deflation, and a sharp decline in output and employment in the United States.
• E. Panic of 1893
  The Panic of 1893 was a severe nationwide economic depression in the United States marked by bank failures, railroad bankruptcies, and mass unemployment that helped bring the Gilded Age to a close.
• F. None of above.
• G. Unsure - the case is ambiguous/there is not enough information to decide.