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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 press Control + Z or click the back arrow in the toolbar, which is located under the Home tab. For redoing an action, the options are to press Control + Y or click the forward arrow icon. The process is straightforward, making it easy to manage typing actions efficiently. The tutorial concludes with the presenter expressing anticipation for future tutorials.