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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 either press "Control + Z" on the keyboard or click the back arrow in the toolbar. This option is found under the home tab. To redo an action, users can press "Control + Y" or click the right arrow in the toolbar. The process is straightforward and intended to assist users in easily managing their actions in Word. MD Tech concludes by encouraging viewers to look forward to the next tutorial.