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Yes, you are correct. They have both.

On the 701A and 016B the main fuel shutdown solenoid is energized and enables fuel as soon as the master switch is set to run aux or run, prior to cranking. It is only de-energized in the off and preheat positions. It makes a rather loud snap or clack noise when energized and de-energized...

Most likely a bad connection. Or you need more fuel. You have no voltage on the connector to the solenoid. Open the tank and use a long stick or coat hanger or threaded rod or what have you and lift the bottom float up and down. That is the float that provides the shutdown for low fuel...