Final answer:
It is true that modern liberals reject the classical liberalism's emphasis on reduced government interference in the economy, and this reflects a significant ideological shift towards advocating for more robust governmental roles to achieve economic stability and social equality.
Step-by-step explanation:
True, modern liberals do indeed reject the classical liberalism's emphasis on a minimal government role in the economy. Classical liberalism highly values individual rights, limited government, and the principles of free trade and capitalism, as influenced by thinkers like Adam Smith, John Locke, and John Stuart Mill. In contrast, modern liberals believe in the importance of government intervention in economic affairs to promote equality and provide social welfare programs, which was a departure from classical liberal thought expressed during responses to the Great Depression and later, through policies such as those in President Lyndon B. Johnson's Great Society. Figures such as F. A. Hayek upheld the classical liberal belief in minimal government intervention, warning against the extensive state planning that could lead to a loss of freedom and reduced prosperity.