The exposition of "The Necklace" was when Mathilde was talking about how she felt she was poor. She talked about how she had absolutely no money and she thought that she could never afford anything. She felt really sorry for herself.
The inciting action is when her husband gives her an invitation to go to a luxurious ball. She refuses with anger because she has nothing to wear. Her husband thought she'd be happy, but she absolutely needs a dress and jewelry.
The rising action is when she goes and buys a dress, she gets a necklace from her friend, and she goes to the ball. She was out really late and was very tired at the end of the night. They called a ride and drove home.
The necklace only costed five hundred francs!
The climax happens when Mathilde realizes that the expensive necklace is no longer on her neck. They searched everywhere, but failed to find it.
It's gone! It's gone!
The falling action is when they find a replacement for the necklace. It takes years and years for them to pay off their debts, but after ten years they finally did it.
This is brutally hard work!
The resolution is when Matilde sees her friend and reveals the story to her. Then, Mathilde finds out that the necklace was just paste and nearly worthless.