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In this tutorial, MD Tech explains how to undo and redo actions in Microsoft Word. To undo an action, you can press "Control + Z" on your keyboard or click the back arrow in the toolbar, which is found under the Home tab. For redoing an action, use "Control + Y" or click the right arrow icon in the toolbar. This process is straightforward and aims to assist users in efficiently managing their typing actions in Word. The tutorial concludes with a friendly goodbye.