"Alternating Current" does NOT imply that is is alternating around the zero reference. That may be the most common kind of AC waveform you might encounter, but the definition does not require BIPOLAR in any way.
https://en.wikipedia.org/wiki/Alternating_current says the definition of AC is "...the flow of electric charge periodically reverses direction"
My understanding of AC is the green line below.
where the electric charge in the conductor moves back and forth at some predefined frequency (E.g. 60Hz for wall plugs here in Canada)
So in my humble opinion I think:
AC = alternating current (electrons physically move back and forth in a conductor)
The "AC" setting on a multimeter simply reads a change in voltage. It does not care if the voltage is going positive or negative.
When the oscilloscope set to AC coupling it simply inserts a capacitor in series. The capacitor, when charged, prevents any more steady DC current from flowing. When the voltage does change the capacitor will discharge or charge allowing some current to flow again. The result shows up as "AC" on the oscilloscope. Just like the multimeter, "AC" simply shows a change in voltage.
If what I'm saying is correct this explains why my multimeter was showing AC connected to my DC power supply. It was simply reading the change in DC voltage. I thought it meant the voltage was reversing polarity. Silly me, I thought the A in AC stood for alternating.
Wiki looks very authoritative,but they sometimes get things wrong,& people can,& do, amend it..
A case in point was a "Ham Radio Wiki",where they showed a Bridge rectifier & labelled it a "Kratz" rectifier.
I had never heard of this name,& a search both online & in Electronics books showed no sign of him,so I amended it to read "Bridge" rectifier.
It turns out that the name is really "Graetz"-----a well known name in European Electronics history.
That said,I had never heard such a rectifier called by this name,either.
Anyway,back to topic:-"Pulsating
dc" is a fairly archaic term,which was often used to describe the output of
dc generators.
(All generators are really alternators,but in the dc generator,the commutator acts as a mechanical rectifier)
The output waveform of a
dc generator
does return to zero at the points where the (internal)
ac waveform goes thru zero prior to commencing the next cycle.
Another case where this term was used was in unfiltered rectifiers.
When the rectifier ceases to conduct,the output waveform returns to zero.
A
dc voltmeter will see these "positive going" or "negative going" half cycles as a
dc voltage.
(An ac voltmeter will also give a reading as it sees them as an ac voltage).Early EEs did not have Oscilloscopes,but they knew how
dc generators worked,so the term pulsating
dc was a reasonable term.
When amplifying devices appeared the "cat got among the pigeons"!
There are very few such devices which do not work by converting the energy of a
dc power supply
into amplified
ac.
Their outputs looked like an
ac signal riding upon a
dc voltage.
(Users normally only needed the amplified ac,so had to separate it from the dc.
This usually entailed coupling capacitors,interstage coupling transformers ,etc.)"Pulsating
dc" was no longer a valid term to describe the combined signal.
"it looks like a duck,quacks like a duck,,,,,,," so the description of such a waveform became that of "
dc with an
ac component".
In the meantime,more theoretically inclined EEs & others,devised the concept of electrical signals being made up of a "fundamental"
ac signal,plus a number of harmonics.
Using this concept,it is possible to analyse any waveform.
PS:- the previous poster has "hit the nail on the head"!If you add 2volts (peak)
ac to a +12volt
dc supply,it will change between +!4 volts (for the peak of the positive half cycle),through +12volts at the zero crossing between 1/2 cycles,& +10volts (for the peak of the negative half cycle).
You can see (for this example),that the ac component passes through its positive peak where it adds to the
dc voltage,passes through zero,where the
dc voltage is that of the +12volt source alone,& then subtracts from the
dc voltage at the negative peak.
With batteries,you can demonstrated that the resultant voltage of sources connected in series with reverse polarity subtract,& in the same polarity,add.
All the sources have an independent existence,regardless of their series connection,as does the
ac component of a signal.