Respiratory acidosis is where hypoventilation (decreased ventilation) increases the concentration of CO2 in the blood, and causes acidosis (pH<7.35).
How does the breathing affect blood acidity? Is it breathing too much or too little?
As Shakespeare once said, "that is the question ". So when we breathe more often, we breathe out more carbon dioxide than we breathe in oxygen, so we get rid of carbon dioxide. Carbon dioxide in water, makes it acidic. So when we breathe more often, we make blood LESS acidic, thus MORE basic. Therefore, to make blood MORE acidic, we breathe in LESS.