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In this tutorial, MD Tech demonstrates how to undo and redo actions in Microsoft Word. To undo an action, you can use the keyboard shortcut Control + Z or click the back arrow located in the toolbar, which is found under the Home tab. For redoing an action, use Control + Y or click the right arrow in the toolbar. This process is simple and aims to assist users in managing their typing actions effectively. The tutorial concludes with a closing remark, inviting viewers to the next video.