Answer
True
Work Step by Step
An isocline is in the form $f(x,y)=k$
Given: $\frac{dy}{dx}=\frac{x^2+y^2}{2y}\\
\rightarrow 2ky=x^2+y^2$
If we set the equation $x^2+(y-k)^2-k^2$ to $0$, we have:
$x^2+(y^2-2yk+k^2)-k^2=0\\ \Leftrightarrow x^2+y^2=2yk$
Since the equation is equal to the slope, hence, the statement is true.