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In this tutorial, MD Tech demonstrates 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 located in the toolbar under the Home tab. For redoing an action, users can press "Control + Y" or click the right arrow icon next to the undo option. The tutorial provides a straightforward guide to these keyboard shortcuts and toolbar options, aimed at enhancing user efficiency in Microsoft Word.