The given statement is true.
Newton's third law states that for every action there is an equal and opposite reaction. That is for every force there is a reaction force that has the same magnitude but will be acting in the opposite direction.
Thus, when the student throws the ball by applying a certain force, the ball, in turn, applies a force on the student in the opposite direction, which causes the student to slide backwards. And when the other student applies a force to stop the ball, the ball applies a force in the opposite direction. This force causes Jerry to slide in the direction of the ball.
Thus the given statement is true.