macOS keyboard shortcut for correcting misspelled words?

In a Mac OS X native textfields, misspelled and typo'd words are underlined with a red squiggle. Is there a standard **keyboard shortcut** that will correct a mispelling by selecting the most-likely correction? This should work in all native textfields. The solution should not be limited to a single app. It's already possible to Right Click a misspelled word. I'd like a keyboard shortcut to bring up a similar feature, so that I don't have to manually Right Click each word individually. The feature could correct each word, one-by-one, allowing you to select each correction. Or, it could use the best guess for *all* misspelled words in the document.