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In this tutorial, MD Tech explains how to undo and redo actions in Microsoft Word. To undo an action, users can either press Control + Z on their keyboard or click the back arrow located on the toolbar beneath the Home tab. For redoing an action, users can press Control + Y or click the right arrow next to the undo button. The tutorial emphasizes that these functions are straightforward and can enhance the efficiency of working in Word. MD Tech thanks viewers and looks forward to future tutorials.