Does AC current produce electromagnetic waves?

You are right, the transmission of AC does in fact produce EM waves around it. read more

AC current entails very rapid changes in polarity and therefore the electrons in the metal will feel rapidly changing forces which should make them accelerate before attaining a constant drift velocity. read more

Power lines, electrical wiring, and appliances that work on alternating current - all produce electric and magnetic fields. The electromagnetic spectrum covers an enormous range of frequencies. Frequencies below 3 KHz are classified as extremely-low-frequency range, and electric power runs at 50 Hz - except in North America where it is 60 Hz. read more

When you first switch a DC circuit on you do get a short burst of EM waves as the charges are acceleated. That is not normally thought of as"DC" however. Note that DC and AC are only two possibilities - the current may vary without alternating for example. read more