Yes.
A piezo transducer element has a
resonant frequency (
https://www.dictionaryofengineering.com/definition/resonant-frequency.html), i.e., a level of vibration that is most vigorous at a specific frequency, whether induced by an electric current or an external mechanical vibration.
As to your question, if used as a
receiver, the piezo element will produce its maximum
voltage level output if exposed to its
resonant frequency, with decreasing output as the frequency deviates (up or down) from that resonance value. Same goes for the element when used as a
transmitter, except the
output is a mechanical vibration that is the result of an electrical
input to the piezo element.