This could theoretically be done with the traffic estimator service,
but it would be a waste of API units and Google probably would not
appreciate it. By the time you actually obtained traffic estimates for
"every" keyword they would all be out of date anyway. Each single word
keyword is actually three different match type and keyword
permutations, then there are an infinite number of multiple word
keywords, each of which has 3 match type permutations for each work in
the keyword.

If what you meant to ask was if you could get an approximate CPC for
each keyword in a small set, you could set up several
AdGroupEstimateRequests with different CPC values in a range, then see
what your expected return in clicks would be for each CPC bid value.
This would allow you to then guess what CPC values would be effective
in meeting your click goal for each set of keywords.

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