It’s been a very long time since my computer engineering course, and we didn’t cover this topic specifically, but I highly doubt it’s a full dump and reload. What likely happens is each ram address has a ttl flag or some way for the CPU to know when to rewrite the data, and it does it as needed.
Plus, the bus between the CPU and ram is ridiculously fast. Your pc could dump and reload all of its ram in the time it takes you to blink. And, with multiple cores, the task can be allocated to a single core, or divided up among all of them.