my thoughts would be Pulm. edema would involve pressure changes favoring collapse of alveoli/atelectasis. With the loss of functional alveoli you'd lose surface area for gas exchange (ain't breathin' so good), and therefore increasing PaCO2 and decreasing PaO2, the former would stimulate central chemoreceptors in the medulla of the brain stem (respiratory groups) to increase rate of breathing to correct the blood gases. So it would be a compensatory tachypnea.