You can be right that turning on circulation makes the number go down. But that doesnt matter. Over time the concentration can go up and up and up, even with h"v"ac running.
Few residential HVAC systems actually ventilate. The focus on energy-efficiency has been a bit blind to the need to get rid of od co2 & take in oxygen. You can get fancy energy-recovery ventilation (ERV) devices that actually do air-exchange with thermal coupling, to cool or heat the incoming air. But this sort of system is alas exceptionally rare.