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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 press "Control + Z" or click the back arrow located in the Home tab. For redoing an action, the shortcut "Control + Y" or the right arrow button can be used. The process is straightforward and aims to assist users in efficiently managing their typing actions. The tutorial emphasizes that these functions help streamline the editing process in Word.