As it was already said. The large cap is better for low frequencies (duh, because it is large). But electrolythic caps have some inductance and also the actual dielectric inside is not any good for frequencies above few kHz (physical properties).
So when you have that elect. cap at frequency of some MHz, you could even find that it's not a cap anymore and it behaves as a coil... On the other hand, f.e. small ceramic cap is pretty good far beond that point. So the combination of two (one large, second small but effective at at high freq.) can cover much bigger bandwidth.
Just a hint - Always learn the actuall flaws of components you are using. In the real world, many things won't behave as you would expect them to, because of their parasitic properties...