  Gravitational waves bring about the relative motion of free test masses. The
detailed knowledge of this motion is important conceptually and practically,
because the mirrors of laser interferometric detectors of gravitational waves
are essentially free test masses. There exists an analogy between the motion of
free masses in the field of a gravitational wave and the motion of free charges
in the field of an electromagnetic wave. In particular, a gravitational wave
drives the masses in the plane of the wave-front and also, to a smaller extent,
back and forth in the direction of the wave's propagation. To describe this
motion, we introduce the notion of `electric' and `magnetic' components of the
gravitational force. This analogy is not perfect, but it reflects some
important features of the phenomenon. Using different methods, we demonstrate
the presence and importance of what we call the `magnetic' component of motion
of free masses. It contributes to the variation of distance between a pair of
particles. We explicitely derive the full response function of a 2-arm laser
interferometer to a gravitational wave of arbitrary polarization. We give a
convenient description of the response function in terms of the spin-weighted
spherical harmonics. We show that the previously ignored `magnetic' component
may provide a correction of up to 10 %, or so, to the usual `electric'
component of the response function. The `magnetic' contribution must be taken
into account in the data analysis, if the parameters of the radiating system
are not to be mis-estimated.
