Uh might want to re-think that...? An open circuit will not pass anything so how could you expect to get AC into the output of the alternator...? If its shorted then yes it will pass the AC into the system... If you can explain that to me I might buy it but 30+ years of training is telling me other wise...?
We're talking at somewhat cross purposes.
What I mean by AC voltage is an AC component (i.e. a time changing voltage) which may be present simultaneously that a DC voltage is present.
As a thought experiment, Let's just take a bare alternator, and lets assume that it is generating "12V" (let's ignore the fact that it needs a battery to excite, etc.). As a 3 phase device with 6-diode bridge, the voltage will actually vary between about 11V and 13V. When the voltage on one alternator phase drops below 11V, another will be increasing about 11V, so the diodes will switch the output over to that phase.
This fluctuating voltage could be thought of as 12V DC + a superimposed 1V AC. And it is this 1V AC that I am referring to (and some, but not all, meters will measure in AC mode).
Now, in a real car, you have a battery, that will serve to stabilise the voltage, so that the AC component or "ripple" is much reduced - often less than 0.2 V. If I set my decent multimeter to AC mode and test it on a running car, this is what it will read. My cheap ass DMM in AC mode will come up with a random number around 25.
So, what happens if a rectifier diode goes open. The result is that during the periods of time when that diode should be taking power from the alt, another phase with a lower voltage is having to take over. The result is that the "ripple" is much increased. Precisely how much depends on battery quality, and precise design of the alt's regulator.
In the event of a diode going short, it will effectively short out one of the alt windings and two other diodes - resulting in something frying, very quickly (usually one or more of the other diodes). In the event that something doesn't fry, it will drain the battery in double-quick time once the engine is stopped.