Another term for Falling Action is the Denouement. This follows the story's climax. The Climax is the most exciting part of the story. This is usually where the story's conflicts come to a head. The protagonist must now come face to face with the problems that they have been dealing with throughout the novel. He may come face to face with the antagonistic character or force. Or if the conflict has been an internal one, this is where he must make his decision.
During the Denouement, all conflicts are resolved. For instance, The bad guy gets his just desserts or the hero and his love interest finally realize their love for one another.