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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 in the toolbar located under the Home tab. To redo an action, the shortcut is "Control + Y" or by clicking the right arrow icon. This process is straightforward and intended to assist users in efficiently managing their typing actions in Word. The tutorial concludes with the presenter looking forward to future sessions.