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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 in the toolbar. This function is found under the Home tab. To redo an action, users can press "Control + Y" or click the forward arrow in the toolbar. The process is straightforward and designed to assist in managing text editing efficiently. The tutorial concludes with a farewell message and an invitation to future tutorials.