Which statement correctly contrasts an initiative and a referendum in Michigan?


An initiative allows voters to propose a new law, while a referendum allows voters to change a new law recently passed by the legislature.


An initiative allows voters to change a new law recently passed by the legislature, while a referendum allows voters to propose a new law.


An initiative allows voters to remove an elected official from office, while a referendum allows voters to change an existing law.


An initiative allows voters to change an existing law, while a referendum allows voters to remove an elected official from office.