Adding CO2 does not alter oxygen levels (unless you add too much CO2 and it causes problems). The best method of ensuring you are adding a suitable level of CO2 (30ppm is suggested as ideal) is to use a drop checker alongside some 4dkh water and the correct type of pH test kit fluid: the drop checker should be green to indicate ~30ppm, blue is not enough CO2 and yellow is too much CO2.
Adding an airstone alongside CO2 will generally be a bad thing as the water surface agitation caused by the bubbles from the airstone is enough to drive CO2 out of the water very quickly making it unavailable to the plants.