Yes, it will run it just fine. Here's the situation with the processor speed that's listed:
One of the things that processor makers have done to reduce power use is to run the it at a low "base" speed for when the computer is not doing anything. But that base speed is like the idle speed on a car engine; the engine can run a lot faster if it needs to-like when you drive off. The processor can speed itself up to 3.6 gigahertz.