In Blender 2.8 it's impossible to select edge loops with Shift + Alt and left (or right) click. Why?
You've likely enabled Emulate 3 Button Mouse in the preferences (Edit > Preferences > Input). The shortcut doesn't work with this option enabled.
When the emulation is enabled, you can select edge loops by double clicking on the edges. If you hold Shift you can add additional edge loops by double clicking on another edge. For selecting edge rings hold Ctrl and double click (*).
In case you don't need to emulate a 3 button mouse, you can disable the option in the preferences. Alt + LMB (or Alt + RMB for right-click select) can then be used to select a single loop and Shift + Alt + LMB (or Shift + Alt + RMB) for multiple edge loops, with the option to toggle the selection.