Your perfectly single-sideband suppressed-carrier modulated sinusoid certainly has a phase which can be measured. However, what you cannot tell is what the contributions of that measured phase from the audio input and the RF oscillator were.
There is another form of single-sideband modulation, in which not only one sideband but also the carrier component is transmitted. This provides a reference which can be used to synchronize the receive LO to the transmit one - normally done to insure exact tuning, but it would also give you the ability to recover the original audio phase.
It is also quite possible, especially with modern DSP gear, to transmit two separate audio channels, one on each side band. This is commonly called independent sideband modulation (ISB).
Many spread spectrum implementations are DSP based and capable of receiving multiple channels at once - GPS being a good example.
I am not sure what the phrase to correct frequency offset in the
title of this question means. Does it mean that the carrier frequency
is supposed
to be \$10\$ MHz but actually is \$10.001\$ MHz, that is, off by
\$1\$ kHz, and what is wanted is a method to fix this problem? If so,
the method described below will not work.
Frequency translation by substantial amounts, e.g. changing a
\$10\$ MHz to, say, \$455\$ kHz, is generally accomplished by
heterodyning or mixing the signal with another carrier signal at
a different frequency
and bandpass filtering the mixer output.
Suppose that the QAM signal at carrier frequency \$f_c\$ Hz
is
$$x(t) = I(t)\cos(2\pi f_c t) - Q(t)\sin(2\pi f_c t)$$
where \$I(t)\$ and \$Q(t)\$ are the in-phase and quadrature
baseband data signals. The spectrum of the QAM signal occupies
a relatively narrow band of frequencies, say,
\$\left[f_c-\frac{B}{2}, f_c+ \frac{B}{2}\right]\$ centered
at \$f_c\$ Hz. Multiplying this signal by \$2\cos(2\pi\hat{f}_ct)\$
and applying the trigonometric identities
$$\begin{align*}2\cos(C)\cos(D) &= \cos(C+D) + \cos(C-D)\\
2\sin(C)\cos(D) &= \sin(C+D) + \sin(C-D)
\end{align*}$$
gives us
$$\begin{align*}
2x(t)\cos(2\pi \hat{f}_ct)
&= \quad \left(I(t)\cos(2\pi (f_c +\hat{f}_c) t) - Q(t)\sin(2\pi (f_c+\hat{f}_c)t)\right)\\
&\quad +\ \left(I(t)\cos(2\pi (f_c-\hat{f}_c)t) - Q(t)\sin(2\pi(f_c- \hat{f}_c)t)\right)
\end{align*}$$
which is the sum of two QAM signals with identical data streams
but different carrier frequencies shifted up and down by \$\hat{f}_c\$
Hz from the input carrier frequency \$f_c\$. The frequency
spectra of these two QAM signals occupy bands of width \$B\$ Hz
centered at \$f_c+\hat{f}_c\$ and \$f_c-\hat{f}_c\$ respectively,
and if
$$f_c-\hat{f}_c + \frac{B}{2} < f_c+\hat{f}_c - \frac{B}{2}
\Rightarrow \hat{f_c} > \frac{B}{2},$$
then bandpass filtering can be used to eliminate one of the
two QAM signals while retaining the other. Needless to say,
if the frequency shift is much
larger than the QAM signal bandwidth, that is, if
\$\hat{f}_c \gg B/2\$, then the task of designing
and implementing the bandpass filter is easier. Note
also that this method cannot be used to correct
small frequency offsets because the two QAM signals
produced at the mixer output will have overlapping
spectra and cannot be separated by filtering.
Best Answer
Adding two signals together doesn't give the right result. What you want with AM is the audio signal moved up in frequency to around the carrier frequency so that many AM channels can co-exist and be individually tuned to by a radio receiver.
If you added 1 MHz with an audio source the resultant specturm is plain ordinary 1 MHz and unaltered 20Hz to 20 kHz.
What you get with modulation (i.e. multiplying) is plain ordinary 1MHz (as before) and two side bands containing the audio information centred around 1MHz. Lower sideband is 0.98000 MHz to 0.99998 MHz and upper sideband is 1.00002 MHz to 1.02000 MHz: -
Depending on how you amplitude modulate you may also get a suppressed carrier frequency i.e. no content at 1 MHz.
Now, all the audio information is pushed up into a band of frequencies between 0.98 MHz and 1.02MHz. The AM receiver will centre its filters at this area and reject all other transmissions because the filters have high rejection when not perfectly aligned. This allows a radio receiver to tune into a wanted AM transmission whilst rejecting unwanted radio transmissions.