user access levels

Can Drupal setup access levels which will only display the menu item/page to the certain level user.

1 - public content
2 - Registered Level (default after user has registered)
2 - Registered Level 2
3 - Registered Level 3

It would be okay if higher levels can see lower level content, but lower level users would not be able to view either the content or button (or both) of the higher level.

Thanks.