Recent experiments have proven that the quasiparticles in graphene obey a Dirac equation. Here we show that microwaves are an excellent probe of their unusual dynamics. When the chemical potential is small the intraband response can exhibit a cusp around zero frequency Ω and this unusual lineshape changes to Drude-like by increasing the chemical potential |µ|, with width also increasing linearly with µ. The interband contribution at T = 0 is a constant independent of Ω with a lower cutoff at 2µ. Distinctly different behavior occurs if interaction-induced phenomena in graphene cause an opening of a gap ∆. At large magnetic field B, the diagonal and Hall conductivities at small Ω become independent of B but remain nonzero and show structure associated with the lowest Landau level. This occurs because in the Dirac theory the energy of this level, E0 = ±∆, is field independent in sharp contrast to the conventional case.