It is the ignition coil. Each cylinder has its own ignition coil. The coils will frequently fail. When a coil fails, that particular spark plug will not fire. This causes the engine to run rough. The coil sits on top of the spark plug. To check which coil is bad: a) start the car b) unplug the wire going to one of the ignition coils. This should cause the engine to run worse. If this does not affect how the engine is running... this is your bad coil. c) if it did cause the engine to run worse, reconnect that ignition coil and proceed to the next coil and repeat. d) repeat this until you disconnect a wire to an ignition coil and it does not impact how the car is running. You can purchase a new coil for about $50.00 from Volvo.
It could be many things, a vacuum leak, dirty fuel injectors, an idle speed control problem, far too many things to guess at without being able to experience the problem first hand and carry out some basic diagnostic tests.