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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 use the keyboard shortcut Control + Z or click the back arrow located in the toolbar under the Home tab. For redoing an action, use Control + Y or click the right arrow in the toolbar. The process is straightforward and designed to help users efficiently manage their typing actions in Word. The tutorial concludes with the invitation for viewers to look forward to future tutorials.