I woke in the middle of the night and was thinking this:
Narrative time is elastic. A 400 page novel can recount events of 80 years, 2 months, or a day. It can be read in a week, a month, or two years. Reading narrative is also an exercise in absorption. Time stops when reading.
Dramatic time is real time, but expanded or contracted. A play takes 2 hours to watch. It represents events of 1 day or so, but each scene is in real time, so to speak. Dramatic time can imitate narrative time, with 10 years between acts, etc... "Jumping oer times/ Turning the accomplishments of many years / into an hourglass." Going to the theater means going there, sitting for a while, and being absorbed in the spectacle.
Lyric time is time stopped, a single moment of time. The poem is short, and does not narrate any significant length of time. The time of reading is ruminative. The poem is read once, or twice, perhaps memorized, returned to over and over again. There is a different kind of absorption.
This is obviously an oversimplification. There are several variables: how long the action of the work takes, how long it takes to read / watch to work / the kind of absorption involved.