What is the difference between the static labour supply framework and the dynamic one?

25)

A)

The static framework refers only to the individual's labour supply choices, while for

the dynamic framework the spouse's decisions are taken into account.

B)

The static framework refers to the short run, while the dynamic one refers to the

long-run.

C)

Events in one time period can have repercussions for labour supply choices in

another time period in the dynamic framework but not in the static framework.

D)

The static framework refers to the long run, while the dynamic one refers to the

short run.

E)

The dynamic framework pertains to the present time frame, while the static

framework pertains to the entire life-cycle