What term describes the outcome of the climax and falling action?

The term that describes the outcome of the climax and falling action is "Resolution." This is the part of a narrative where the central conflict is resolved, and the story reaches its conclusion. The resolution typically ties up loose ends and provides a sense of closure for the characters and the audience. It can reveal the fate of the characters and illustrate the themes or messages of the story.

In contrast, the climax represents the turning point of the narrative — the moment of greatest intensity — while the falling action consists of the events that follow the climax and lead to the resolution. The inciting incident is an earlier part of the story that sets the conflict in motion, making it distinct from the conclusion that brings the narrative arc to a close. Overall, the resolution serves as the final component that encapsulates what has happened throughout the story and resolves the central tensions presented.